If someone sale the house built on his abadi land, then how can he save tax on the amount received from it?
Menu
House hold property
Replies (4)
By purchase of any house property as specified u/s. 54 of IT act....
Or by purchase of capital gains bond as specified u/s. 54EC of the act..
Will the money spent to build that house be exempt?
Money spent to build any new house property will exempt the LTCG of the present house sold.
Recent Threads
- Gst me रजिस्ट्&
- Discuss and Download CA Inter Question Paper Janua
- Discuss and Download CA Final Question Paper Janua
- Accounting Entry for samples received from princip
- Many of my clients who are bank employees received
- Missed filing for AY 2022-23. TDS refund possible
- Form 26QB: Assessment Year Based on Payment Date o
- Revision of Tax Audit
- IT Return 2023-24
- LUT for Companies Using EVC and Not DSC?
Related Threads
CAclubindia
