Exemption on captial gain
Querist : Anonymous
Sold Property on 25/09/2009 for 50Lacs on which capital gain was 10Lacs
Purchase new property on 01/02/2010 of 25Lacs
Sold another property on 31/12/2010 of 60Lacs on which capital gain was 15Lacs
I am taking exemption of 10Lacs as i purchased property on 01/02/2010 for 25Lacs which is more than my Capital Gain.
Now can i take exemption of 15Lacs as purchase of HP before one year of sale is also eligible for exemption & i have not utilised full Purchase value of HP
Querist : Anonymous
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
Click here to login now
Similar Resolved Queries
- Selecting Tax Regime while for calculating tax relief on under Section89 of income tax act 1961.
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Cloud service
- Credit note Issue reg
- Sale of Gold ornaments
- GST ON FOREIGN CLIENT
- Can we issue an invoice today
- SALE OF GOODS FROM OTHER STATE
- Conversion of Pvt Ltd Company to a LLP
- Applicability of RCM on Frieght Inward supplies received from un-registered person
- Expenses add back in profit
- Forgot to update debit note in gst
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
