Capital Gain Exemption u/s 54 for Property Purchase | Common Doubts Explained
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- Опубликовано: 8 сен 2024
- Capital Gain Exemption u/s 54 for Property Purchase
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Queries resolved
1. capital gain exemption under section 54
2. capital gain exemption
3. capital gain exemption us 54
4. capital gain exemption under section 54f
5. capital gain exemption under section 54ec
#capitalgains #incometax #capitalgaintax
Sir Your teaching videos are really worth it and make complicated things very easy.......Thank you very much Sir 😊🙏
Thank you for the kind words and support.
Always interesting classes from you sir🙏
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Thank you sir
what about agricultural property in rural area
There is no tax capital gain on agriculture property in rural area.
I sold a property.I invested in builder property .I will get possession in 2yrs.Which date will be valid as date of purchase BBA date or Registry date.When will the holding period start for long term property gain.What is the holding period.
Thanks 🙏
The agreement should be done to claim deduction u/s 54. Secondly the POH should be calculated from date to purchase to one day before from the date of sale.
If I sell a property mix land use fr 1cr
70 lac commercial 30lac residential
75lac acquisition value
How much should I reinvest to save tax
Thanks n pls reply 🙏
If there is clarity about the commercial and residential components. Then Calculate the capital gain for each portion separately, the gain which you get for residential HP, invest the same.
Dhanyavaad🙏
Sir mainey plot sell ker key dussra residents plot purchase kiya hae, lakin mae ab usme house nahi bana pa raha hu, to kya mujhey tax paid karana pariga Or kitana
To claim exemption, the construction must be done on land, the exemption only for land is not available in u/s 54.
Sir please reply Flat sold - Cap gain is 4.00 Cr ...... Assesse wants to claim sec 54 exemtpion , he wants to buy 3 flats worth rs 4.00 Cr ... is there any restriction on no of flat to be purchased for exemption
The maximum 1 residential property can purchase to claim exemption of 54. The person can purchase 2 properties to claim the exemption, if the capital gain is up to 2cr, but this option of 2 property is available only once in lifetime.
I bought a lease hold land in 2010 on 90 years lease from greater noida authority
If I sell it in 2024 so will capital gain be applicable on it
If you acquire a residential property through a perpetual lease (which is essentially a long-term lease), The Chennai Bench of the Income-tax Appellate Tribunal (ITAT) has held that perpetual lease, when exceeding a period of twelve years, should be treated as a purchase for practical purposes. Capital Gain applicable.
Thankyou Sir 🙏