banner_ad

Reg. capital gain

Others 406 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 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details