banner_ad

Capital gain tax

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 December 2015 Sir i am living in a builder floor purchased in may 2012. Now i want to sell it and from the money received i want to buy a plot and then construct it for self use. Whether capital gain tax is applicable or not.
Profile Image

Arpit Shah

Profile Image

Arpit Shah (Expert)
18 December 2015 https://taxguru.in/income-tax/capital-gain.html
Profile Image

Arpit Shah

Profile Image

Arpit Shah (Expert)
18 December 2015 calculation

https://taxguru.in/income-tax/automatic-capital-gain-calculator-excel-format.html
Profile Image

CA Kumar Mukesh

Profile Image

CA Kumar Mukesh (Expert)
18 December 2015 Hi.. As per section 54 of Income tax act 1961, Exemption from long term capital gain on residential house can be claimed on cost of new construction of residential house if construction completed within 3 years from the date of transfer... and cost of new construction include cost of land too....

Thank You...
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 December 2015 Thank u Mukesh g for ur valueable feedback
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details