Capital gains tax
This query is : Resolved
25 September 2012
Hi,
1 of my client is an owner of 3 house properties in mumbai self occupied by him and during the FY 2011-12 he has sold 1 house property and bought another house property; the capital gains arising from sold houise property was fully invested in new house property. is he eligible to claim exemption from capital gains tax?
if yes under which section 54 or 54F or 54E or any other section.
can i get a link of the same??
Please sir whosoever can please answer my query as soon as possible; my client's return is awaiting its due befoe 30th september.
please sir eagerly awaiting your reply
Regards
Jay.
+919820311182
1 of my client is an owner of 3 house properties in mumbai self occupied by him and during the FY 2011-12 he has sold 1 house property and bought another house property; the capital gains arising from sold houise property was fully invested in new house property. is he eligible to claim exemption from capital gains tax?
if yes under which section 54 or 54F or 54E or any other section.
can i get a link of the same??
Please sir whosoever can please answer my query as soon as possible; my client's return is awaiting its due befoe 30th september.
please sir eagerly awaiting your reply
Regards
Jay.
+919820311182
03 October 2012
He can claim exemption u/s 54.
Section 54F is applicable when a capital asset OTHER THAN residential house property is transferred.
Section 54F is applicable when a capital asset OTHER THAN residential house property is transferred.
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
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- Regarding IMS Mandatory from 1st July 2026
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- What is provisional receipt number for generation of form 16A
- Salary and pension received from Asian Development Bank
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
