Capital gain exemption
This query is : Resolved
19 June 2014
SIR WE ARE SOLD THE AGRICULTURE LAND IN THE YEAR 2008-09 AND WE ARE NOT PURCHASED THE NEW LAND TILL DATE. SO THAT WE ARE ENTITLED FOR EXEMPTION U/S 54B.
19 June 2014
no you are not. you were supposed to purchase it within 2 years
19 June 2014
for exemption for u/s 54B you have to but land with in two year from date of tfr.
now you cannot take exemption benefit.
now you cannot take exemption benefit.
24 June 2014
the ans is no.......................................................
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