Capital gains exemption section 54f
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 July 2013
SALE OF PVT LTD EQUITY RESULTS GETS AMT OF 19 LAKHS, INDEXATION COST IS 2.3 LAKHS . NEW RESIDENTIAL UNDERCONTRUCTION FLAT IS BOOKED BY PAYING FULL FLAT PRICE + SERVICETAX +VAT + STAMP DUTY + REGISTRATION CHARGES IN TOTAL OF 16.75 LAKHS . WILL PURCHASE OF FLAT COST OF AGUISTION TO COMPUTE CAPITAL GAIN CAN BE CONSIDERED FULL 16.75 LAKHS ,AND LTCG IS NOT APLICABLE . PLEASE CLARIFY
14 July 2013
To get full exemption from capital gains tax , under section 54F, you have to invest net sale consideration (ie., 19 lacks minus expenses incurred exclusively in connection with the share transfer).
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- 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
- Goods sold but invoice not issued
- 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?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
