capital gain
This query is : Resolved
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
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
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02 February 2011
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