CAPITAL GAINS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 March 2011
Hello,
An assessee has sold his residential flat (held for more than 3 years).The sale proceeds are received part in F Y 2010-11 and the part will be received in F Y 2011-12. I want to know in which year will the assessee be liable for LTCG. He has purchased a new flat but will make the payment for the same in the F Y 2011-12 but before 31.07.11.
An assessee has sold his residential flat (held for more than 3 years).The sale proceeds are received part in F Y 2010-11 and the part will be received in F Y 2011-12. I want to know in which year will the assessee be liable for LTCG. He has purchased a new flat but will make the payment for the same in the F Y 2011-12 but before 31.07.11.
16 March 2011
In FY 2010-11 fully taxable subject to other exemptions available u/s 54. As full facts with dates are not available hence refer dates carefully.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- How do you manage client document collection and follow-ups in your CA/CS practice?
- ETDS return q4 25-26
- Capital gains in IT returns
- IMS (import of goods) ITC related
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
