Long term capital gain and sec 54ec exemption related issue

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Neha Gupta (Querist)

30 June 2016 i am an individual assessee i have received some amount as compensation from my landlord for vacating the house property. And i have used this long term capital gain in purchase of NHAI bond partly and the rest part is left unused.How to deal with the unused LTCG part left. How to do tax treatment for it?

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Rupesh Jain

Rupesh Jain (Expert)

30 June 2016 in my opinion its capital receipts, and not taxable.

Neha Gupta

Neha Gupta (Querist)

30 June 2016 YES ITS A CAPITAL ASSET AS IT IS RECEIVED ON CAPITAL ASSET. BUT HOW COME ITS NON TAXABLE?

Rupesh Jain

Rupesh Jain (Expert)

30 June 2016 its capital receipts. ..................

CA ANILKUMAR B.COM FCA DISA

CA ANILKUMAR B.COM FCA DISA (Expert)

01 July 2016 Relinquishment of tenancy right is also transfer under income tax and the compensation received is Capital gain and is eligible for exemption subject to investments made. case law for reference Archa Sharma, New Delhi vs Assessee on 31 August, 2012

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