banner_ad

Long term capital gain on house

This query is : Resolved 
Profile Image

Profile Image

(Querist)
11 May 2023 Respected sir
Could you please ascertain LTCG in the following case
land purchased in 2006 (6.50 ares )--Rs.300,000
sold 2.23 ares in 2012 --Rs.600,000( for constructing house(partial)at a cost of Rs.14 lakhs
Renovated the house in 2018-19 at a cost of Rs.30 lacs
Sold the house property in 23-24 for Rs.75 lakhs
Brokerage--Rs. 2 lakhs
Please also inform how to save LTCG
Thanks in advance
Profile Image

CA. Chikkerur C R

Profile Image

CA. Chikkerur C R (Expert)
17 May 2023 Since it is LTCG, you can use section 54 , 54EC & 54F any one by investing in another house, bonds
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details