SALE OF RESIDENTIAL HOUSE PROPERTY PURCHASE AN AGRICULTURAL LAND
This query is : Resolved
Quick Summary
02 February 2025
DEAR SIR,
ONE OF MY CLIENT PURCHASED A RESIDENTIAL HOUSE IN THE YEAR 2023-2024 COST OF RS.9,00,000/-, HE HAS SOLD THE PROPERTY COST OF RS.15,00,000/- IN THE YEAR OF 2024-2025, AND ALSO HE HAS PURCHASED AN AGRICULTURAL LAND OF COST OF RS.15,00,000/-.
NOW MY CLIENT AVAIL THE CAPITAL GAIN EXEMPTION BENEFITS OF U/S 54
THANK YOU
ONE OF MY CLIENT PURCHASED A RESIDENTIAL HOUSE IN THE YEAR 2023-2024 COST OF RS.9,00,000/-, HE HAS SOLD THE PROPERTY COST OF RS.15,00,000/- IN THE YEAR OF 2024-2025, AND ALSO HE HAS PURCHASED AN AGRICULTURAL LAND OF COST OF RS.15,00,000/-.
NOW MY CLIENT AVAIL THE CAPITAL GAIN EXEMPTION BENEFITS OF U/S 54
THANK YOU
02 February 2025
Yes, if the property sold is residential house and sold within 12 months from thee purchase of property in 2023-24.
02 February 2025
THANK YOU FOR YOUR REPLY,
THANK YOU
THANK YOU
02 February 2025
You are welcome.
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
- CLOSING STOCK QUERY
- ITR-Capital Gain
- Gst on travel by air for business purposes
- GST ISD Query on various AMCs
- Short Term Gain Reporting ITR
- Loss of interest in PF transfer from EPFO to Trust
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Error in uploading Form 10BD
- TDS on rent received on hardship compensation being rent on redevelopment of building
- F&O reporting in ITR
- 44AD, 44ADA business details
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
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
