Re: [aurangabad_ca] LTCG ON SALE OF PROPERTY
Dear Moiz,
Your client's case clearly falls within the ambit of Sec. 54 of The Income Tax Act. Hence, he has following options to save LTCG Tax:
Option A : Buy another residential building with or without tenants.
Option B : Buy ownership flat and need not stay.
Option C : Invest in Bonds.
Regards.
On 3/26/10, moizjaorawala <moizjaorawala@yahoo.com > wrote:
Dear Friends,
I would like to confirm that:
an assessee who is owner of a building with tenants, when sells the same:
a. can buy another building with tenants as well as invest in bonds to save LTCG tax
or
b. he can buy an ownership flat but need not stay in the same to claim exemption for LTCG and can invest in bonds also.
moiz
--
CA Ghanshyam Vaswani
G K Vaswani & Associates
1st Floor, Tourist Complex,
Nehru Chowk,
Jalgaon
Mobile : 098233 77078
"Excellence is my Aim.."
__._,_.___
DISCLAIMER
AURANGABAD_CA is a Yahoo Group for the benefit of CA and other professional. It is especially meant for written discussion within group members and circulate the information among its members. The mail may contain such research/advice/opinion/information/fact provided by any member or moderator and every contain of the mail or information of yahoo is always subject to the Accuracy and of the description of facts.
The Aurangabad_CA , its moderator/owner do not claim that contains in mail/information obtained after reading as a complete and accurate disclosure of relevant fact(s).
Considering all above facts m the transaction based on above mail may not complete without confirming proper statue/authority/person. Therefore any action/transaction taken on basis of this mail do not imply the accuracy or value . Further this Group's Owner/Moderator/Member are not liable for any damages or costs suffered due to action/transaction based on information on this Yahoo Group.
For Seeking any Clarification you may mail only to Group Moderator on
girishkulk@gmail.com
AURANGABAD_CA is a Yahoo Group for the benefit of CA and other professional. It is especially meant for written discussion within group members and circulate the information among its members. The mail may contain such research/advice/opinion/information/fact provided by any member or moderator and every contain of the mail or information of yahoo is always subject to the Accuracy and of the description of facts.
The Aurangabad_CA , its moderator/owner do not claim that contains in mail/information obtained after reading as a complete and accurate disclosure of relevant fact(s).
Considering all above facts m the transaction based on above mail may not complete without confirming proper statue/authority/person. Therefore any action/transaction taken on basis of this mail do not imply the accuracy or value . Further this Group's Owner/Moderator/Member are not liable for any damages or costs suffered due to action/transaction based on information on this Yahoo Group.
For Seeking any Clarification you may mail only to Group Moderator on
girishkulk@gmail.com
.
__,_._,___
0 comments:
Post a Comment