Examption of 54 for sale of plot
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 October 2016
assessee sale of plot at 31.08.2014 land and builsding used for business - and purchases of new plot 30.09.2014 for use of self business purposes and construcation of 2 rooms only - Assessing officer say claim of section 54 of income tax of capital gain not applicable and liable for tax
how to aviod the capital gain tax and give me a case law for this problem
how to aviod the capital gain tax and give me a case law for this problem
25 October 2016
Section 54 exemption not available in view of sale of business property and buying another property used for business.
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
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- Gst on travel by air for business purposes
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Error in uploading Form 10BD
- NRI INSURANCE ADVISOR
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- ITR-3 File/Error Found
- Missed TDS
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
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
