Capital gain exemption u/s 54
This query is : Resolved
sumit kansal
(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,
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,
CA MANOJ GUPTA
(Expert)
23 February 2012
NO U NEED NOT TO PAY CAP GAINS ON THE FACTS DISCLOSED
CA MANOJ GUPTA
JODHPUR
09828510543
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- 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
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
