Long term capital gain
This query is : Resolved
11 June 2012
Hello Experts,
kindly advise capital gain liability & ways to save tax if any
- Industrail Gala Purchased in financial year 06-07 for RS.360665/- & same is sold in financial year 11-12 for Rs.15,00,000/-
thnks
kindly advise capital gain liability & ways to save tax if any
- Industrail Gala Purchased in financial year 06-07 for RS.360665/- & same is sold in financial year 11-12 for Rs.15,00,000/-
thnks
12 June 2012
The property is commercial ,if its depreciable then you could have saved tax by buying a new property of same nature up to the amount of capital gain.
or
If not depreciable then Long term capital gain will apply and you can avail exemption u/s54f
or
If not depreciable then Long term capital gain will apply and you can avail exemption u/s54f
19 July 2023
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