Capital gain exemption
This query is : Resolved
ANKIT GOEL
(Querist)
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.
Nikhil Kaushik
(Expert)
19 June 2014
no you are not. you were supposed to purchase it within 2 years
Rupesh Jain
(Expert)
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.......................................................
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- GSTR9 Annual Return
- Ito add credit side of bank
- GST ITC as per notification 12/2023- central tax
- Rent agreement of House of deceased person
- LLP audit and disclosure
- Form 144 TDS Return Validation error
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Applicability of tax on invoice
- Capital gain on commercial property and investment in residential property
- Import of Capital Machine
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
