Capital gain account scheme
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 February 2013
Can any1 plz suggest me:
I hav a client who has capital gain from sale of land for AY 09-10, he hadn't deposited any sale proceeds to CGAS but the objective of section 54 was accomplished by investing material portion of the sale proceeds after the due date of filing return; for buying another land i.e till nov 2011.
So how can i help him get benifited with the provisions of section 54??
I hav a client who has capital gain from sale of land for AY 09-10, he hadn't deposited any sale proceeds to CGAS but the objective of section 54 was accomplished by investing material portion of the sale proceeds after the due date of filing return; for buying another land i.e till nov 2011.
So how can i help him get benifited with the provisions of section 54??
09 February 2013
HE IS NOT GOING TO BE BENEFITED -NOR HE HAD LOST ANYTHING BECAUSE HE EARNED CAPITAL GAINS AND DIDN'T PAY ANY TAX. HE SHOULD THANK & KEEP FAITH IN THE GOD ONLY AS ALL THE DEAD LINES HAVE PASSED AWAY SMOOTHLY.
.
.
Message likes :
1 times
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
- Section 270A penalty
- GST- DRC 03 RCM Liability
- GSTR 1- Amend Credit Note
- Query on managerial remuneration u/s 197 of CA 2013
- Validity of form 15 G and 15 H on Interest on fixed deposit
- Supply to unit situated in SEZ
- Threshold limit of under GST for insurance agent
- International transfer pricing- -> father entity vs son entity ->WHERE NO mutual say in management
- TDS AFTER SUBMISSION OF 15G OR H
- Tax liability on gift amount given to blood relation
- Problem in filing Returns for International workers in EPFO
- Clarification for reversal of IGST on transfer of duty-free imported goods from EOU to DTA unit
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
Trending Online Classes
-
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
CAclubindia
