i have sold two plots in April 23,ie this financial year. I have long term capital gains of 55 L(net consideration of 69L)from plot 1,and 64L(net consideration recd is 77L)from plot 2.
As per my need purchase residential house with cost of 70L, is sufficient for me. Can i purchase house from amt received from plot 1, and pay CG tax on gains from plot 2. or my entire capital gains to be considered for taxation. If i wish to pay the tax, should it be paid immediately or as per the norms of adv tax, without penalty interest. Can I invest in any start up to claim the exemtion.
Menu
Investment in start ups for exemption in long term capital gains
Replies (1)
Investment in a start-up to claim exemption, you may be eligible for exemption under section 54GB if you invest the capital gains in an eligible start-up. However, this exemption is available only if you satisfy certain conditions, and the investment should be made within 6 months from the date of sale of the asset.
Recent Topics :
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
- Question on buy back of shares
- Saving corporate tax completely on profit from rea
- Hi experts need some helps
- A query regarding GST and Place of Supply:
- ADT-3 not filed by previous Auditor
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
Related Topics :
CAclubindia
