Capital gain
This query is : Resolved
Keshav keyal
(Querist)
24 September 2016
What is new section 54H -(extension of time limit for acquiring new assets).
CA Sumiit B Nagpal
(Expert)
24 September 2016
Aa you might be aware that capital gain can be exempted by investment in residential house property , agriculture land sale etc. U/s 54,54F etc. . Also the investment had to be made within the time limits prescribed. However in case of compulsory acquisitions the transfer used to took place but the compensation/ enhanced compensation was used to be received very late . For dealing with Such an issue, the government enacted 54H to increase the time limit for investments to be made under section 54, 54B, 54F etc. And the period mentioned in that sections should be reckoned from the date when the compensation is received
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
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Tax on Amount transferred in HUF Account
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- 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
- Goods sold but invoice not issued
- 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
