Capital gain tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 March 2014
Dear Sir,
We have acquired Agricultural Land for Rs. 207200 during Sept 2000. Another Agricultural Land was Purchased for Rs 254200 during Oct 2002. These lands were converted for residential purpose and sold for Rs. 11640000 during Sept 2013.
Please let us know what is the capital gain tax? and how to reduce the tax liabilities
Regards
We have acquired Agricultural Land for Rs. 207200 during Sept 2000. Another Agricultural Land was Purchased for Rs 254200 during Oct 2002. These lands were converted for residential purpose and sold for Rs. 11640000 during Sept 2013.
Please let us know what is the capital gain tax? and how to reduce the tax liabilities
Regards
13 March 2014
the capital gains shall be computed under normal capital gains provisions. you can use section 54F, 54ec for claiming exemption
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
- Credit rating model
- 115-BAC-for AOP-private discretionary trust
- Youtube income
- IN PAGHDI SYSTERM . RENT RECPT CHANGE OF NAME AFTER FAMILY PARENTS TO SON
- Insurance make against any item and later get insurance claim received
- Surcharge applicability on LTCG loss
- ITR-U for AY21-22
- CAN a GSTIN registered under rule 14A opt for composition scheme without withdrawal from rule 14A ??
- If Material shift from dry port local egm details not refleting on ICE gate portal
- E-Invoice applicability related question
- Reduce fine on my company
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- APPLICABILITY OF RCM ON MAN POWER SUPPLY BY UN REGISTERED PERSON TO REGISTERED PERSON.
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
