banner_ad

Capital gains

This query is : Resolved 
Profile Image

Profile Image

(Querist)
24 May 2017 The assessee is an NRI. He sold residential Land for Rs 97,50,000 in FY 16-17. There after he purchased capital gain bonds U/s 54Ec for Rs 50,00,000 & spent the remaining amount in construction of his house.

Will he Get the Benifit U/s 54 or 54F ?
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
24 May 2017 under 54F as the asset disposed off is not a residential house.
Profile Image

AMANDEEP

Profile Image

AMANDEEP (Querist)
24 May 2017 Can he claim both i.e Partially 54Ec for 0 Lacs & Remaining in construction of House
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
24 May 2017 both sections are independent of each other. so yes, he can claim both exemptions. But what you mean by 0 lacs?
Profile Image

AMANDEEP

Profile Image

AMANDEEP (Querist)
24 May 2017 It was 50 lacs , Wrongly typed 0, Thanks
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
24 May 2017 you are most welcome :)
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
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

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

SSGS and Associates

Chennai

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details