Long term capital gain 54f
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 March 2014
i have sold a land non residential at rs 15l and my capital gain is rs 130000/
now I want to purchase a flat on rs 2000000/
bank loan I have got rs 2500000/ ( 200000/ for purchase and rs 500000/ for furnishing)
now I want to invest my capital gain amount rs 15L for additional construction in flat.
will I get tax benefit from LTCG?
Or suggest how can I save the tax.
now I want to purchase a flat on rs 2000000/
bank loan I have got rs 2500000/ ( 200000/ for purchase and rs 500000/ for furnishing)
now I want to invest my capital gain amount rs 15L for additional construction in flat.
will I get tax benefit from LTCG?
Or suggest how can I save the tax.
Nikhil Kaushik
(Expert)
23 March 2014
you should be able to, please refer
V. Krishna Rao V/s. Deputy Commissioner of Income-tax, Circle 3(3), Hyderabad IT APPEAL NOs. 1866 & 1867 (HYD.) OF 2011 [ASSESSMENT YEAR 2008-09]
V. Krishna Rao V/s. Deputy Commissioner of Income-tax, Circle 3(3), Hyderabad IT APPEAL NOs. 1866 & 1867 (HYD.) OF 2011 [ASSESSMENT YEAR 2008-09]
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