Can you pls. answer my query , Since We purchased flat @ Rs.60,00,000 with co-owner as (wife) with equal 50% share after selling Listed shares along with equity based mutual funds & obtained certain LTCG both individually and only I paid stamp duty/registration charges & brokerage etc. about Rs.565,236[445,236+(120,000 brokerage)] on whole full amount of the cost of flat . Here it may be added that we invested partial amount, means less than net sales considerations each. Can we avail exemption in sec 54F partially against long term capital gain each individually and please reply, can we claim/get exemption in…
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I am selling my house. If I make a separate agreement with buyer and show that interior and furniture cost is around 8-10 lakhs, whether I need to show bills if IT dept sends notice? Whether I need to mention all items and their cost or i can just mention Interiors and no mention of cost in Sale agreement?
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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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Regards exemption of stamp duty & registration charges towards flat purchased after selling Listed shares and mutual funds as per Section 54F in Income tax