Dear Sir/Madam,
Is it possible to claim exemption under capital gain if an individual transfer urban land holding one more urban land at different Place. Kindly share your view how can tax can be planned in that case with relevant section.
mohit agrawal (Tax Consultant) (123 Points)
01 January 2019Dear Sir/Madam,
Is it possible to claim exemption under capital gain if an individual transfer urban land holding one more urban land at different Place. Kindly share your view how can tax can be planned in that case with relevant section.
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 01 January 2019
Your question is not clear
mohit agrawal
(Tax Consultant)
(123 Points)
Replied 01 January 2019
I mean if an individual holds two different land and he transfer one land then what will be tax implication or how tax can be planned or any exemption can be claimed.
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 01 January 2019
Capital gain tax will be imposed.. you may plan to invest proceeds in tax saving scheme and claim exemption from payment of capital gain tax
Mayur Patil
(Article)
(1276 Points)
Replied 01 January 2019
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