Capital gain
This query is : Resolved
04 August 2011
if an assessee sells his industrial land so whether capital gain tax will be attracted or not.
if yes, then can he claim exemption how will he claim and under which section.
if yes, then can he claim exemption how will he claim and under which section.
04 August 2011
Capital Gain Tax will be attracted
Exemption u/sec -
Capital Gains not chargeable on investment in certain bonds [Section 54EC] - Eligible assessee – Any assessee - Quantum of exemption - Capital gains or amount invested in specified bonds, whichever is lower
Capital gains in cases of investment in residential house [Section 54F] - Eligible assessees: Individuals / HUFs - Transfer of plot of land is also eligible for exemption -
Exemption u/sec -
Capital Gains not chargeable on investment in certain bonds [Section 54EC] - Eligible assessee – Any assessee - Quantum of exemption - Capital gains or amount invested in specified bonds, whichever is lower
Capital gains in cases of investment in residential house [Section 54F] - Eligible assessees: Individuals / HUFs - Transfer of plot of land is also eligible for exemption -
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- FEMA regulation Act. for inward remitance
- Accounting with Claude
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
