Answers On Topic: Capital Gains
Sir, A landlord own vacant site leased to tenant (leased period from 2016 to 2026) and tenant leased period for 2018 construction of commercial building in leased site If landlord own vacant site along with tenant construction building sales to third party year 2025 Question: Above transaction capital gain tax applicable for landlord or tenant for it purpose.
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It person purchase of agriculture land rs:15 lacs year 2023 and selling of agriculture land rs:18 lacs to Name Mr.A dt:10-12-24 after another date dt:20-01-25 same agriculture land same per name Mr.A purchase of agriculture land rs:19 lacs Question: Assessess above transaction purchase and sales capital gain tax applicable for it act
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An assessee bought a rural agricultural land in 2011-12 as it is a rural agricultural land it does not classify as a capital asset, As on today's date i.e. 19/03/2025 rural agricultural land only. Suppose he converts the land to a residential land on 01/04/2025 (It will classify as a capital asset) and sell the whole set of Residential land in 2025-26 only. Query: What would be the period of holding, would it classify as LTCG or STCG? (As the assessee is not in the business of Real Estate or developing or selling of land and not having any more…
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Dear Sir/Madam, I am planning to purchase a second hand flat in Hyderabad City in the month of March 2025 or April 2025 through 100% payment by DD (approx. INR 75 lacs). However, I also plan to sell my existing shares & mutual funds after December 2025 (i.e., expect market to regain the momentum by December 2025). I expect to get capital gains amount approx. INR 30 to 32 lacs after selling of these shares & mutual funds. Can I get 100% exemption of LTCG amount of INR 30 to 32 Lacs even if i pay the entire amount in…
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ONE PERSON HAS PURCHASED PROPERTY IN AUCTION DONE BY A BANK AT RS 7 CRORE BUT THE STAMP DUTY VALUE OF WHICH IS 10 CRORES.WHETHER CAPITAL GAIN WILL BE TAXED ON DIFFERENCE OR IS THERE ANY WAY OUT
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No capital gain to be charged on profit from sale of rural agricultural land
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Assessee deposited capital gain in CGAS. But while purchasing the new property utilized amount from personal saving account. Are the unutiled amount CGAS is taxable
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Sir, It assessess own commercial property trading for cloth business maintained and assessess business part place government occupied for road extension purpose.if assessess business part place registered to government after some amount received. Question: Assessess received amount from government capital gain tax implications for it act.
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Mr. A is a proprietor of various business having different trade name and place of business but the nature of business is same. Can he transfer the business to M/s. A Ltd company after retaining immovable property in his name so no capital gain tax is payable. Is it necessary to transfer it’s entire business with all assets and liabilities to the A Ltd company?
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In Case of Transfer ownership of Land to Developers by Landowner (Individual) against consideration in Area and some money. Q1. whether this is covered under Section 45 (5A), as it is not a Development Agreement? Q2. In this Case Developers Purchase Capital Asset - Land from Landowner and Developers name will be mentioned on Revenue Record as Landowner? Q3. Whether Landowner Income Tax Liability will postponed to Future Date on the date of OC
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Capital gain tax applicable for landlord or tenant