Answers On Topic: Capital Gains
LTCG sale price invested in cap gain scheme account till what date it has to be used ? If unused for long time , what will happen to exemption u/s 54F earlier claimed ? In the year of withdrawal, will it be LTCG or STCG
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A has purchased Agri land for Rs.10 Lakhs in the year 2000. In FY 2023-24 A has converted this Agri Land to NA land for selling them in various plots. Valuation of the land on the date of conversion was Rs.100 Lakhs. All plots have been sold in FY 2024-25 for Rs.300 lakhs. Now query is, whether A can claim Rs.100 lakhs i.e. value as on date on conversion as a cost of land against sale of Rs.300 lakhs? If yes then any supportive section. If no then any other alternatives?
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Whether section 50C of IT is applicable on seller when he transfer his constructed building of midc to other person
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when commercial property is recd on redevelopment of a commercial complex ; 1] what is tax effect if new area is same ? or more ? 2] what is tax effect if new shop is given in another building ?
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while selling tenancy rights, is it allowed to claim indexed cost of tenancy on zero cost ?
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can one claim 54F only against LTCG on some shares and c/f LTCL on other shares to next year ?
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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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capital gains scheme