Menu
capital gains
Can a person adjust the sale proceeds of a long term capital asset to the loan availed for purchase of another asset bought on a date before the sale of the long term capital asset and avoid long term capital gains?
Replies (3)
to avail benefits under section 54 and 54f, you have to either purchase within one year before the date of sale or construct within three years from the date of sale, one residential property. so in your case, it can be done
Thank you for the reply
welcome mr. a k sure
Recent Topics :
- Missed deadline to revise ITR for a foreign asset
- Durga Puja 2026 Dates: Mahalaya, Shashthi to Vijay
- Indo-MIM IPO Allotment Date, Status Check and List
- GSTR 1 filed but GSTR 3 B no filed
- ITR FORM FILING REGARDS
- TDS JUSTIFICATION REPORT
- Capital gains on Sale of Transferred shares
- Unbarred returns
- One time commission filing in ITR2
- 600128 HSN rate
Related Topics :
CAclubindia
