HI, FORUM
COULD U PLEASE HELP ME IN UNDERMENTION CAPITAL GAIN.
| Purchases | dated | Amount | ||
| Residential flat | 24.04.03 | 800000 | eight lac only | |
| stamp duly | 104000 | |||
| total | 904000 | |||
| sales | 04.12.2007 | 1500000 | fifteen lac | |
| purchase flat | 29.10.07 | 1260000 | ||
| stamp duly | 75600 | |||
| total | 1335600 | |||
| whether capital gain will be qualify for exemption u/s 54 | ||||
if the assessee have Profession Income for April & May 2007 & Income from salary for June to March 2008, What should the Procedure for Filing the Income Ta x return for 2008-09
What is Accounting Procedure for FY 2007-08 if there is no other Professional Re ceipt other than April & May
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