Long Term Capital Gains
This query is : Open
MAKARAND DAMLE
(Querist)
25 August 2020
ON 16/06/2020 LONG TERM CAPITAL GAINS ON SALE OF MUTUAL FUNDS HAVE ARISEN
I HAVE TWO QUESTIONS
WHETHER THE ABOVE LTCG CAN BE INVESTED IN PROPERTY OR HOUSE OR ANY OTHER SCHEME
ADVANCE TAX PAYABLE NEEDS TO BE PAID 100% BY 15TH SEPTEMBER OR IN INSTALMENTS
I HAVE TWO QUESTIONS
WHETHER THE ABOVE LTCG CAN BE INVESTED IN PROPERTY OR HOUSE OR ANY OTHER SCHEME
ADVANCE TAX PAYABLE NEEDS TO BE PAID 100% BY 15TH SEPTEMBER OR IN INSTALMENTS
CA Ankith Jain
(Expert)
26 August 2020
Yes, if you invest the amount in Residential house, then you can claim exemption under section 54F, tax could be zero.
And you need not pay 100% advance tax by 15th september, it has to be paid in installments.
For any queries, you could contact at caankithjain@gmail.com.
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
- Tax on Amount transferred in HUF Account
- Nursery business
- Working on Gold wastage during Melting of old gold jewellery
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- TDS on Dashcam rent and allied services
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Intimation under section 245
- ETDS return q4 25-26
- GST input credit on commercial property
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
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
