CAPITAL GAIN ,SECTION 54 F

This query is : Resolved

S.L SINGHAL (Querist)
Follow

19 June 2011 MY LONG TERM CAPITAL GAIN UNDER SECTION 54 F ( SALE OF SHARES WITHOUUT STT PAID )FOR THE F.Y.2010-11 RS.1.85 CRORE & F.Y.2011-12 ESTIMATED 2.45 CRORE. WHAT CAN I DO TO SAVE CAPITAL GAIN TAX .2.CAN I PURCHASE ONE RESIDENTIAL HOUSE & USE OF BOTH F.Y.AMT.IN ONE HOUSE WITHOUT ANY CAPITAL GAIN TAX.
GIVE THE FULL DETAIS FOR THE F.Y.2010-11 & 2011-12. HOW CAN I SAVE CAPITAL GAIN TAX

Ashok Asthana

Ashok Asthana (Expert)
Follow

20 June 2011 Whether CG is of short term or long term?

CA Rajendra Purohit

CA Rajendra Purohit (Expert)
Follow

20 June 2011 Your query needs some more details. Whether it is short term gain or long term gain. From where you are going to earn this capital gain, is it from sale of land or shares or residential property?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

17 May 2012 You can avail the exemption by investing in one residential house.

However,for claiming exemption in FY10-11, you have to deposit Rs. 1.85 crore before the due date in a Capital Gain Account Scheme. Then make payment for the house from this account.

For claiming exemption in FY 11-12 you have to invest the money in a residential house before the due date. If you are unable to invets the money, then you have to deposit the same in the Capital Gain Account.

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

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

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SUMAN SAHA

Fredrick Samraj

CA.Pinank Arvindbhai Shah

Sunaram Marndi

Narendra

Subscribe Now

CAPITAL GAIN ,SECTION 54 F

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA