Capital gain on sale of shop
This query is : Resolved
RAKESH CHAUHAN
(Querist)
02 December 2014
SIR,
CASE IS MY FATHER SOLD HIS SHOP IN 09/04/2014 FOR A CONSIDERATION OF RS.18,00,000 /- AND ACCORDINGLY THE LONG TERM CAPITAL GAIN IS CALCULATED ON SAME USING INDEXATION OF RS.11,45,630 /-, NOW I WANT TO KNOW THE TIME LIMIT WITHIN WHICH INVESTMENT CAN BE MADE OUT OF PROCEEDS FROM SALE OF FLAT IN ORDER TO AVOID CAPITAL GAIN AND WHAT ARE THE OPTIONS IN WHICH I CAN INVEST?
AWAITING FOR YOUR REPLY
CASE IS MY FATHER SOLD HIS SHOP IN 09/04/2014 FOR A CONSIDERATION OF RS.18,00,000 /- AND ACCORDINGLY THE LONG TERM CAPITAL GAIN IS CALCULATED ON SAME USING INDEXATION OF RS.11,45,630 /-, NOW I WANT TO KNOW THE TIME LIMIT WITHIN WHICH INVESTMENT CAN BE MADE OUT OF PROCEEDS FROM SALE OF FLAT IN ORDER TO AVOID CAPITAL GAIN AND WHAT ARE THE OPTIONS IN WHICH I CAN INVEST?
AWAITING FOR YOUR REPLY
02 December 2014
can invest within 6 mnths of transfer invest within 54EC section.
RAKESH CHAUHAN
(Querist)
02 December 2014
CAN'T I INVEST IN ANOTHER SHOP TO AVAIL BENIFIT , I DONT WANT TO INVEST IN BONDS.
02 December 2014
alternatively u can get benefit u/s 54F
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
- Ito add credit side of bank
- GSTR9 Annual Return
- Employee secondment
- Gift to nri relatives resides in usa
- Form 144 TDS Return Validation error
- Applicability of tax on invoice
- Form 144 TDS Return Validation Error – Mandatory Fields
- Rent agreement of House of deceased person
- GST ITC as per notification 12/2023- central tax
- 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
