capital gain
This query is : Resolved
Nirpendra Singh
(Querist)
02 February 2011
whether the capital gain arises from the sale of Agricultural land(delhi) and commercial property can be saved by investing u/s 54 and how under which sub-section?
02 February 2011
Long Term Capital Gain on Agricultural Land is not taxable as per sectoin 10(37)*conditions applied.
LTCG on Commercial Property can be saved only u/s 54F or 54EC not under 54.
If there is STCG on Agricultural Land & Commercial Property then this cannot be saved under any section of Capital Gain.
Regards!!!
Dinesh S. Adhikari
LTCG on Commercial Property can be saved only u/s 54F or 54EC not under 54.
If there is STCG on Agricultural Land & Commercial Property then this cannot be saved under any section of Capital Gain.
Regards!!!
Dinesh S. Adhikari
Sunil Kr. Sanganeria
(Expert)
02 February 2011
If condition u/s 10(37) is not satisfied, in that case you can save Long Term Gain on transfer of Agricultural Land as per section 54B of the IT Act
Guest
Guest
(Expert)
02 February 2011
Agree with experts.
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