Tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 July 2012
sir we will sold the one house in the rupee of 10000000 and than after we will purchase a one residencial house of rs 2500000 and four shop of rs 1000000 each and remaining amt will be invested in a gold .so now i would like to know that what tax remedy as well and tax liability please ans as early as possible.
20 July 2012
If you are selling Residential House, then in order to get exemption u/s 54 you have to invest the amount of Capital Gains in residential property.
If you capital gains are upto Rs. 25 Lacs, then your future investment planning is fine.
If you capital gains are upto Rs. 25 Lacs, then your future investment planning is fine.
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
Unanswered Queries
- Itr 1 processing
- Off Market debit and credit transaction
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Share accounting-->fifo - capital gain - period as per fifo?
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR validation error - Balance sheet is not filled
- Registration as Authorised Representative of minor
- Article ship defecit
- Bank Accounts in Balance Sheet for ITR 3
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- 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
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
