Can a taxpayer claim capital gain exemption under Section 54B for the cost of purchasing two agricultural lands on sale of one agricultural land?
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(142056 Points)
Replied 27 March 2023
Any case-law on the subject is not known, but prima facia the exemption can be claimed.
Recent Topics
- DEFAULT IN FURNISHING THE RETURN
- LTCG TAX CLACULATION
- Rent from multiple house in single compound
- Can I invest more than 50k in NPS Tier 1 without a
- NSS(1989) tax
- Query on Long Term Capital Gain Tax On Sale Of Res
- GST ACCOUNTING ENTRIES (YEAR END PROVISIONAL ENTR
- TDS ON MUTUAL FUND COMMISSION TO DISTRIBUTOR
- ITC on advance forfeited by supplier upon cancella
- Change in Name - ??
Related Threads
Trending Online Classes
ITR 1 and ITR 4
Aarchi Jain
GST Practitioner Certificate Course 36th Batch
CA Arun Chhajer
Browse by Category
- Income Tax
- Audit
- Students
- Accounts
- Custom
- VAT
- Career
- Service Tax
- Corporate Law
- Info Technology
- Excise
- Shares & Stock
- Exams
- LAW
- Professional Resource
- Others
- Taxpayers
- GST
Subscribe to the latest topics :
Search Forum:
CAclubindia
