Longterm capital gain
This query is : Resolved
22 June 2014
Sir 1plot I sold in jun/14 on44lacs wich is Purchase in May 2004 in 2.20lacs.I already purchase 1 Res.house on 80% on my name &20% Wife name with Hosing Lone for tax benifit for both of us in jan2012.
My father is expired in 2011one House on his Name today If I give my Longterm capital gain Full amt to my 1Brother& 1Sister for left their Part on property. (Can I purchase their Hissa with paying full stamp duty with Registry in ragistar office ) In this case can I Claim capitalgain examption
My father is expired in 2011one House on his Name today If I give my Longterm capital gain Full amt to my 1Brother& 1Sister for left their Part on property. (Can I purchase their Hissa with paying full stamp duty with Registry in ragistar office ) In this case can I Claim capitalgain examption
23 June 2014
you should be able to. given that you have only one residential asset on the day of sale of the plot.
23 June 2014
you can bur the shares in house claim u/s 54F In which you but from all sale consideration of plot then you exempt from capital gain.
23 June 2014
Yes I have 1Res.House already .now this is 2nd House wich is my fathers name now I want to convert fathers house on my name (Brother & sisters Hissa official purchase by doing Registry with full stamduty paid ) Can I get Capital gain exemt
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
- Refund Annexure-B
- House Property Reporting in ITR
- TDS Claim year
- Liable to deduct tds and 44ADA
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- Internship/Academic shown in Salary Pay Slip of a Doctor
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
