banner_ad

Reg. capital gain

Others 397 views 2 replies

Dear Sir,

I want a clarification regarding capital gain. ie., A Pvt., Ltd., company purchased a land during Dec., 2011 ( Nearly 2 years and 2 months old) and the company wish to purchase a constructed premises. Whether the Capital gain arising from the sale of land can be adjusted against the investment in (Purchase of ) constructed premises? 

thanks

Nagarajan

Replies (2)

A ltd company is not eligible for 54F deduction and also, the asset sold is not a long term capital asset.

thanks sir and also sorry for delayed thanking, since now only i am able to see it due to some personal works.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details