Exemptions in case of short term capital gain
This query is : Resolved
26 December 2012
Dear Sir,
I claimed exemption of Long Term Capital Gain u/s 54 in my income tax return filed in July 2011.The property was sold in Dec.2010.But now i want to sell my newly constructed house due to shortage of funds.Please guide me if there are any Govt. Schemes where i can invest my amount of Short Term Capital Gain to save Income Tax.
Thank you.
Arun Sharma
I claimed exemption of Long Term Capital Gain u/s 54 in my income tax return filed in July 2011.The property was sold in Dec.2010.But now i want to sell my newly constructed house due to shortage of funds.Please guide me if there are any Govt. Schemes where i can invest my amount of Short Term Capital Gain to save Income Tax.
Thank you.
Arun Sharma
26 December 2012
Currently; No such exemption is available.
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
- Tax on Goodwill on LLP
- Procedure to surrender export incentive
- Registration of Articleship
- Reverse charge on commercial property
- Slight spelling change in PAN Surname
- Capital gains -1
- Update ITR
- Clarification on Cost of Acquisition and Capital Gains Tax Treatment for Tata Chemicals
- Old car transaction
- Audit report for a private limted company ( small company) FY 2024-25
- TDS Refund on cancellation of Sale Agreement
- Rcm reconciliation excel sheets format
- Goodwill realeted
- Revision under Section 264 in The Income Tax Act, 1961
- Trial balance matching
- Drafting Grounds of Appeal under Service Tax
- TDS on Crypto section 194S
- GST Practitioner Details
- MSME Reporting in 3CB-CD
- SECTION 50AA SHORT TERM CAPITAL GAIN IN CASE OF MLD
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
