Long capital gain tax
lina abood
(Querist) 13 February 2012
This query is : Resolved
DEAR SIR,
AGAIN TODAY I AM COMING WITH NEW INQUIRY ABOUT THE ABOVE SUBJECT.
AS YOU ADVICE ME EARLIER THAT I CAN KEEP THE CAPITAL GAIN AMOUNT WITH SBI BANK UNDER CAPITAL GAIN SCHEME TILL I SELL MY OTHER FLAT THEN I CAN CLUB THE AMOUNT AND GO FOR BIGGER FLAT .NOW MY C.A. TELLING IT IS NOT POSSIBLE IN YOUR CASE BECAUSE YOU WILL BE STILL HAVING ONE MORE FLAT AND SEC.54 IS POSSIBLE FOR YOU IF YOU ARE HOLDING MAXIMUM TWO FLAT SO THAT YOU CAN SELL ONE AND KEEP THE OTHER AND HE ADDED THAT THE ABOVE SECTION SAYING ( A HOUSE ) WHICH IT MEANS ONE SINGLE HOUSE
PLEASE GIVE YOUR SUGGESTION REGARDING MATTER
THANKS TO ALL
A V Vishal
(Expert) 13 February 2012
Refer:
IN THE INCOME TAX APPELLATE TRIBUNAL
“H” Bench, Mumbai
Before Shri Rajendra Singh(AM) and Shri V.D.Rao, (JM)
ITA No.1239/M/2010
Assessment Year 2006-07
Shri Humayun S.Rangila Vs.The ITO.
lina abood
(Querist) 14 February 2012
THANK YOU SIR
YOU SAVED ME
GOD BLESS YOU FOR WHAT EVER HARD WORK YOU ARE DOING FOR THE PEOPLE
