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 Threads
- Closing Stock111
- INVOCIE GENERATED FROM ONE COMPANY AND EWAY BILL G
- Ineligible itc under section 16(4) & itc restr
- Itc on when mixed sales percent in hospitality
- Apply for GST registration while working in MNC
- Deferment period for Advance Tax under Section 234
- Permanant transfer of duty free goods by Advance A
- 1% TDS Deduction on Property purchase through inst
- Tax on leave encashment on retirement
- Guidance Required on Notices Under Section 234B Af
Related Threads
CAclubindia
