Capital gain exemption under section 54 & 54gb.
This query is : Resolved
13 May 2018
can exemption under section 54 & section 54GB both can be avail in a single gain transaction?
14 May 2018
These two sections are separate sections hence benefits of both the sections can be taken.
14 May 2018
exemption under sec 54&54GB in single transaction
if you look in this link i have attach ICAI text book it say something different. it will be great sir if you can share you thought https://www.caclubindia.com/forum/exemption-under-section-54-amp-section-54gb--462289.asp
Read more at: https://www.caclubindia.com/experts/experts_profile.asp?member_id=178076
if you look in this link i have attach ICAI text book it say something different. it will be great sir if you can share you thought https://www.caclubindia.com/forum/exemption-under-section-54-amp-section-54gb--462289.asp
Read more at: https://www.caclubindia.com/experts/experts_profile.asp?member_id=178076
14 May 2018
Net Sales Consideration is say, 2 crore & capital gain is 50Lac.
You have invested Rs 20L in a new Residential House and claimed deduction U/s 54.
If you invest 1,20,00,000/ U/s 54GB you are eligible to get deduction of Rs 30Lac.
Net Sales Consideration does not mean entire net consideration.
You have invested Rs 20L in a new Residential House and claimed deduction U/s 54.
If you invest 1,20,00,000/ U/s 54GB you are eligible to get deduction of Rs 30Lac.
Net Sales Consideration does not mean entire net 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
- TAN for Partnership
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- NON- SUBMISSION OF LLP FORM 3
- Long Term Service award taxability in hands of company
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Last year TDS Claim
- What is provisional receipt number for generation of form 16A
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
