taxable or not
Shahbaz Sayed (6 Points)
22 August 2018
if i will sell my old property and amount received against them into my account. Is this taxable amount or not.
2 Replies
CA P V N Varma
(CA )
(609 Points)
Replied 22 August 2018
If it is a capital asset, definitely capital gain will arise so taxable in your hands. for getting exemption from tax, u have to invest in specific areas u/s 54 and Sub sections
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