banner_ad

Capital gain exemption u/s 54

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 February 2012 i sold one residential property in 1-sep-2011 for 18lacs ,cost after idexation is 5 lac, net capital gain is 18-5+=13 lacs
0n 31-3-2012
net tax liability =13lacs*20%=260000

how if i invest 13 lacs in any other house property on 10 -apr -2012 ie next financial year but with in one year of sale of residential property

while filing itr -4 for FY 2011-12, should i pay LTCG tax rs 260000 , even i inveted this in next FY 2012-13 but with in one year,
Profile Image

CA MANOJ GUPTA

Profile Image

CA MANOJ GUPTA (Expert)
23 February 2012 NO U NEED NOT TO PAY CAP GAINS ON THE FACTS DISCLOSED
CA MANOJ GUPTA
JODHPUR
09828510543
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details