Capital Gains exemptions
This query is : Resolved
07 July 2011
Dear Sir,
Metro rail project purpose our client land and building acquisition through KIDBA,this amount fully exemption from capital gains are not please give the full details this is for our request.
Dear Sir,
Metro rail project purpose our client land and building acquisition through KIDBA,this amount fully exemption from capital gains are not please give the full details this is for our request.
07 July 2011
Capital Gains on compulsory acquisition of urban agriculture land only is exempt U/s 10(37).
*
On acquisition of other capital assets , for calculation of capital gains , Section 45(5) is applicable.
*
In my view, capital gains arising to you on transfer of land (Which is not agri. land) and building will be taxable.
*
On acquisition of other capital assets , for calculation of capital gains , Section 45(5) is applicable.
*
In my view, capital gains arising to you on transfer of land (Which is not agri. land) and building will be taxable.
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