How to tax planning
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 December 2013
If a person buy Property in Rs. 10 Crore and sale in Rs. 60 Crore after 10 Year,
so haw can he tax planning for Rs. 50 Crore..
so haw can he tax planning for Rs. 50 Crore..
22 December 2013
you have no provided the nature of the property. Regardless, you can refer to section 54, 54EC and 54F for the exemptions provided therein. This would include buying a residential house property and the exemption shall depend on whether the property should is a house property or not. In case of house property you can invest in buying or constructing a house to claim exemption - the exemption is based on capital gains reinvested.
In case of other investments, section 54F shall apply and exemption shall depend on the reinvestment of the consideration received.
In case of other investments, section 54F shall apply and exemption shall depend on the reinvestment of the consideration received.
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
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- TAN for Partnership
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- E way bill for tractors
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Taxation on LTCG for property sold after 24JUL2024
- TDS related Query_Liquidated Damages
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
