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CAPITAL GAIN, Income Tax

Issue Id: - 106582
Dated: 3-3-2014
By:- N S CHANDRASHEKHARAPPA CHANDRASHEKHARAPPA

CAPITAL GAIN

Contents

I AM PURCHASED SITE ON 01/06/1984 OF RS. 25000/- AND SOLD IT ON 10/10/2008 FOR RS.650000. IN THE NEXT MONTH I AM PURCHASED ANOTHER SITE OF RS. 125000/-. I AM STARTED HOUSE CONSTRUCTION ON 28/10/2009. IS IT CLAIMS EXEMPTIONS OR NOT

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Showing Replies 1 to 1 of 1 Records

Page: 1

1 Dated: 4-3-2014
By:- CA GOPALJI AGRAWAL

First you are required to calculate the capital gain on sale of this particular asset after applying indexation benefit. Then you can claim exemption u/s 54F. If it better to consult your CA or advocate on specific planning.

Page: 1