banner_ad

Capital gains tax on compulsory acquisiton of letout propert

This query is : Resolved 
Profile Image

Profile Image

(Querist)
13 October 2011 is Profit on Compulsory Acquisiton of Let out Poperty is taxed as Capital Gains or it can be claimed exemption, if so under which sec.
Profile Image

CA RICHA BADALIA

Profile Image

CA RICHA BADALIA (Expert)
13 October 2011 It is taxable u/s 45(5).It will be treated as transfer in the year in which it is compulsorily acquired but capital gain will be charged in the year in which compensation or part thereof is first received.
Profile Image

Anand

Profile Image

Anand (Querist)
17 October 2011 Thanks, but if the capital Gain is received by an Individual & the proceeds are invested in Pur of another site during the same year, does it not get exempted U/s.54F as in the normal course of Sale? Pl. clarify.
Profile Image

CA RICHA BADALIA

Profile Image

CA RICHA BADALIA (Expert)
17 October 2011 The capital gain will be exempted but U/S 54

In case of compulsory acquisition time limit of 1-year, 2 years and 3-years is applicable from the date of receipt of compensation (whether original or additional).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details