Capital gain
This query is : Resolved
kajal patel
(Querist)
19 September 2016
under which section will capital gain will fall if we sell the NA (Non Agricultural) land and again re-invest it NA land.
how the capital gain will be worked out in such cases and which section will get attracted
how the capital gain will be worked out in such cases and which section will get attracted
Amol S Joglekar
(Expert)
20 September 2016
it is capital gain from NA land. Please note that there is no any exemption for purchasing a new NA land.
For exemption sec 54F and/or 54EC is available for you, if the capital gain is long term
For exemption sec 54F and/or 54EC is available for you, if the capital gain is long term
kajal patel
(Querist)
20 September 2016
Thank you sir
Amol S Joglekar
(Expert)
21 September 2016
you are most welcome
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Tax on Amount transferred in HUF Account
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
