Exemption u/s 54
Querist : Anonymous
possession revived on 06/01/2000
payment of installments along with interest in 2003-2004 total paid rs 184591/-
conveyance deed executed on 11/12/2013 expenses on conveyance deed Rs 11000/-
total amount paid rs 195591/-
sold on 21/12/2015 for rs 15,00,000/-
total indexed coast Rs 497563/-
LTCG 1500000- 497563 = 10020437/-
Purchase nsc for rs 500000/-
spend Rs 1600000/- on construction of new house ( wants Rs 1002437/- ltcg exemption u/s 54) I HAVE NO OTHER HOUSE IN MY NAME AS ON DATE
Arrange balance Rs 600000/- from housing loan from sbi
IS IT STCG OR LTCG ? ( AS ALLOT D ON 4/10/1999,POSSESSION RECEIVE ON 06/01/2000, CONVEYANCE DEED IS EXECUTED ON 18/12/2013)
WHAT IS INCOME TAX POSITION ON LTCG ?
SUNITA GUPTA
Querist : Anonymous
Click here to login now
Similar Resolved Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Movement of goods by packers and movers - type of sale - Reg.
- Missed uploading GST Invoice
- Closer of business and itc of capital goods
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Gratuity paid to legal heir above 20 lakh is taxable or not
- TDS Return Statement Status
- Appointment of Auditor By Form ADT-1
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
