Capital gain u/s 54ec

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2013 I have earning income from Long term Capital gain of Rs. 25,00,000 from sale of urban agriculture land in A.Y 2013-14.
I invested such LTCG in NHAI Bond and claim exemtion u/s 54EC.
Now my query is after 3 years such capital gain is exempt i.e no need to invest in any other assets. But if after 3 years i purchased a plot of land from the amount received from NHAI Bond. then if i sold such plot for Rs. 50,00,000 after 2 years of purchase. on such selling i earn capital gain. whether
1) there is a capital gain on sale of plot of land.

Rupesh Jain

Rupesh Jain (Expert)
Follow

15 June 2013 afte selling of plot it will be short term capital gain and no exemption will available

all gain include in your income and tax as per income tax slab.

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

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

DEEPAK BHARGAVA

Dinesh kumar

CA Varun Gupta

Raviraj ponkshe

Shunmugavel Manohar

Subscribe Now

Capital gain u/s 54ec

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

CA Final

Article Assistant

GST CONSULTANCY

Accountant