Capital gain tax
This query is : Resolved
Hariprasad
(Querist)
30 September 2016
How to Assess the Capiatal Gain on Compulsory Acquisition of Land by Government Authorities in the year of Receipts of Compensation?
And what is Tax Exemption Plan for Avoid the Tax?
And what is Tax Exemption Plan for Avoid the Tax?
Soumitra Basu
(Expert)
01 October 2016
DEPOSIT THE ENTIRE AMOUNT IN EITHER NHAI BOND OR RURAL ELECTRIFICATION BOND. YOUR GAIN WILL EXEMPT.
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Hariprasad
(Querist)
01 October 2016
OK
If the Compensation received will be used for the the purpose of Construction of new building in the Place of demolished building , whether we can claim exemption u/s 54F as we we are using the amount for construction of another premise??
If the Compensation received will be used for the the purpose of Construction of new building in the Place of demolished building , whether we can claim exemption u/s 54F as we we are using the amount for construction of another premise??
Soumitra Basu
(Expert)
02 October 2016
NO. IT IS ONLY FOR NEW RESIDENTIAL BUILDING
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