banner_ad

Capital gains

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 April 2013 is residential building and land in rural area is liable for capital gains tax in compulsory acquisition by government. if yes kindly help in computing the same
Profile Image

Sandip R Lathiya

Profile Image

Sandip R Lathiya (Expert)
02 April 2013 It is fully exempt u/s 54d
Profile Image

CA. PIYUSH GOEL

Profile Image

CA. PIYUSH GOEL (Expert)
02 April 2013 dear sandip 54D is for industrial undertaking..

sec. 10(37) deals with compulsory acquisition of land. but therein agriculture land which is used by the person for agriculture purpose before two years and situated with in the 8 km. from the municipal limit of the city is exempt from capital gain.. but not the land on which not agriculture is done and used for residential purpose.

in your case if the house property is subject to the capital gain
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
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details