Answers On Topic: Capital Gains
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…
► Read Answer
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
► Read Answer
No capital gain to be charged on profit from sale of rural agricultural land
► Read Answer
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
► Read Answer
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.
► Read Answer
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?
► Read Answer
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
► Read Answer
Facts of the Case The Taxpayer holds unlisted shares and optionally convertible debentures (OCD) in one of the Private Limited Company (say “ABC Private Limited”). The Debentures and Shares both are held by the Taxpayer for more than 5 years. Now the ABC Pvt Ltd incurred heavy losses and became debt ridden and the company was taken into liquidation under the IBC by one of the financial creditors. The liquidation order was passed by NCLT in February 2024 dissolving the company with immediate effect. The taxpayer received nothing on liquidation since company did not have any funds for distribution to…
► Read Answer
Hi I am Chetan Desai I have 250 soft 1 room kitchen in chawl since 1950 in 2021 my room is going under redevelopment . Now I get 440 sqft flat and my flat allotede on 18 April 2022 and get registered on this day Now I want sell my flat after oc recived how property capital gain calculat and how much I have to pay? Or nil I have to pay pls advice
► Read Answer
Sir, I was a tenant in Pagri system. In April,2022 I signed an agreement with a builder for redevelopment. I am expected to receive OC of my new flat in lieu of my old flat in August 2024 and would like to sell it off in the same month, what capital gain I will attract? Chetan Desai
► Read Answer
Longterm Capital gain tax exemption for purchase of Flat against selling of Shares & Mutual Funds