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Capial gains liability

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PROPRIETOR
552 Points Posted on 14 December 2022
sales of residential house amount invested in others residential house in the name of my major so or daughter within 12 months . Liability of capital gains arise or not in cae of long term captial assets . Please advise
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On 14 December 2022 at 21:32 Report
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Student
232 Points Posted on 14 December 2022
Available u/s 54
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On 14 December 2022 at 22:29
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Profession Business
28207 Points Posted on 15 December 2022
It's available provided some conditions are fulfilled. A tenure is there.
44 Reply
On 15 December 2022 at 07:33
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PROPRIETOR
552 Points Posted on 15 December 2022
Question investment in son or daughter name is possible under section 54
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On 15 December 2022 at 08:30
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CA
1218 Points Posted on 15 December 2022

It is possible and you can claim exemption of section 54.

1 Reply
On 15 December 2022 at 11:27
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PROPRIETOR
552 Points Posted on 15 December 2022
What procedure adopted for exemption under section 54
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On 15 December 2022 at 11:49
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CA
1218 Points Posted on 15 December 2022

Calculate the capital gain and exemption amount. You need this figures for ITR. No other document is submitted.

1 Reply
On 15 December 2022 at 13:17
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PROPRIETOR
552 Points Posted on 16 December 2022
Tds amount amount deducable by me or my son in case of investment my me for purpose of 54 deduction above 50 lakhs purchase amount
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On 16 December 2022 at 15:54


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