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
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.
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