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Capital gain -sec 54F


NARAYAN CHANDRA BHOWMIK   20 September 2020

NARAYAN CHANDRA BHOWMIK

 12 points

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whether a vacant non agricultural plot of Land is a capital asset eligible for exemption u/s 54F at the time of sale

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Giridhar S Karandikar (Team Lead)     20 September 2020

Giridhar S Karandikar
Team Lead 
 718 likes  6984 points

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Yes it is eligible, as the section states, any capital asset that is sold us eligible for exemption.

avater

Sagar Patel (Tax and Business Consultant)     21 September 2020

Sagar Patel
Tax and Business Consultant 
 995 likes  11141 points

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Yes, eligible for Exemption u/s 54F at time of sale if it's long term Assets..


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