Tax Management India. Com
                            Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals News SMS Articles Highlights
        Home        
 
 
Discussions Forum
Home Forum Income Tax This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

Capital Gain tax exemption, Income Tax

Issue Id: - 113154
Dated: 7-12-2017
By:- Bharat Vij
Capital Gain tax exemption

  • Contents

I have a residential house and a commercial property in my name for over 10 years. If I sell my commercial property and keep the capital gain in capital gain accoount for purchasing or construction of new house, am I entitled to claim tax exemption from capital gain?

Post Reply

Posts / Replies

Showing Replies 1 to 1 of 1 Records

1 Dated: 8-12-2017
By:- ANITA BHADRA

Dear Sir

You are entitle to claim exemption :-

Section 54EC Long-term capital gain arising on transfer of any capital asset.

Gain to be re-invested in bonds issued by National Highway Authority of India or by the Rural Electrification Corporation Limited.

Section 54EE Long-term capital gain arising on transfer of any capital asset.

Gain to be re-invested in units of specified fund, as may be notified by Govt. to finance start-ups.


1

Post Reply

← Previous Next →
Discussion Forum
what is new what is new
 


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.