Capital gain bond
This query is : Resolved
20 March 2012
If a person sell property and generatre a short term capital gain/long term capital gain. Are any capital bond availabe to save
such capital gain. If not so how this capital
gains has to be save from income tax.
If a person sell property and generatre a short term capital gain/long term capital gain. Are any capital bond availabe to save
such capital gain. If not so how this capital
gains has to be save from income tax.
20 March 2012
1.only long term capital gain can be saved from tax.
2.purchase the same asset which is sold equal to long term capital Gain amount within 2 years from the date of transaction and should not be sold within 3 years. if it is not purchased before due date of filing return than deposit the amount of gain in a separate capital gain account with the bank.
3.if same asset not purchased than other capital asset investment must be equal to consideration.
2.purchase the same asset which is sold equal to long term capital Gain amount within 2 years from the date of transaction and should not be sold within 3 years. if it is not purchased before due date of filing return than deposit the amount of gain in a separate capital gain account with the bank.
3.if same asset not purchased than other capital asset investment must be equal to consideration.
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ADVANCE PAYMENT OF ADVOCATE
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- NRI starting business in India
- EXPORT COMMERCIAL INVOICE HSN CODE
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- TDS ON EMAIL DOMAIN SERVICE BILL
- GST not cancelled by tenant
- CREDIT NOTES WITHOUT GST
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
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
