sale of agricultureal land
This query is : Resolved
Balaji K S
(Querist)
29 March 2010
if Assessee father has agricultural land, which has been sold, and wheter the fund received can be used for assessees house loan?
M Prabhakar Menon
(Expert)
30 March 2010
Yes u can have proper back up papers for IT enquiries.
CA Ashok Kumar Sahu
(Expert)
30 March 2010
yes, no problem
CMA Arif Farooqui
(Expert)
02 April 2010
yes u can. but sure that u have to paid capital gain if any arises from that sale
CA Ravi Sisodia
(Expert)
02 April 2010
yes you can use money for purchase or constrect house property.
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
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Reward for festival
- 18% Rent a cab
- ARCA LOGIN
- TDS Return Statement Status
- Appointment of Auditor By Form ADT-1
- Closer of business and itc of capital goods
- Import of Capital Machine
- Capital gain on commercial property and investment in residential property
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
