Easy Office

Capital Gain Query-1

This query is : Resolved 

19 April 2024 I've recently sold my property in Delhi and have realized a Capital Gain of approximately 75 lakh. I own agricultural land in Himachal Pradesh where I've incurred expenses on construction. Can I claim a capital gain exemption based on the amount spent there?

19 April 2024 most probably no. Unless you get the land use changed for the agricultural land.

19 April 2024 and if I show that I have constructed a residential House there.

19 April 2024 if you can show that, then you can claim exemption.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link

Similar Resolved Queries


Unanswered Queries