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regarding exemption of capital gains

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 January 2011 Dear Sir,

Please Clarify whether exemption available if transfer of property and purchase another immovable proerty in agricultural area
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Guest

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Guest (Expert)
30 January 2011 Please specify exact nature of both the properties
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
30 January 2011 First, I want to get clarified that in your question , both the properties sold & bought are Agriculture Lands.

If yes, Exemption U/s 54B is available, subject to certain conditions.


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Guest (Expert)
30 January 2011 Agree with Mr. Bafna
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