Capital gain
This query is : Resolved
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
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
20 September 2016
Thank you sir
21 September 2016
you are most welcome
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