banner_ad

Exemption on capital gain

Tax queries 396 views 2 replies

Hi friends....

     I have a query in capital gain exemption . "A  person is getting long term capital gain by selling a vaccant land in march 2013 which he purchased in november 2009.Then he purchased another vaccant land in the same month of sale i.e march 2013. whether the capital gain arising from sale of vaccant land is exempted because of the purchase of new vaccant land ?? If so under what section the same shall be exempted ??? 

Thanks in advance friends...

Replies (2)

An assessee may avail exemption u/s 54F by investing in a property other than a residential house within a period of 2 years, if there arises a long term capital gain from sale of a property other than a residential house. 

Thanks Mihir ji....


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details