Capital Gains
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 May 2011
Site sold during Feb 2011
Selling price Rs. 1 Cr.
Rs. 50 lacks invested in REC during Mar 2011
Rs. 50 lack invested in NHA during Apr 2011
Whether to declare the Income and investment for the FY 2010-11 or should be postponed to next FY?
Selling price Rs. 1 Cr.
Rs. 50 lacks invested in REC during Mar 2011
Rs. 50 lack invested in NHA during Apr 2011
Whether to declare the Income and investment for the FY 2010-11 or should be postponed to next FY?
CA MANOJ GUPTA
(Expert)
27 May 2011
THE CAP GAIN WILL ACCRUE IN 10-11
U CAN CLAIM FULL EXEMPTION
U CAN CLAIM FULL EXEMPTION
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