CA Sansaar
- All Categories
- Income Tax (1616)
- Students (768)
- Service Tax (497)
- Corporate Law (462)
- Audit (393)
- Accounts (336)
- VAT (277)
- GST (136)
- Finance (110)
- Excise (106)
- Banking (46)
- FEMA (40)
- Custom (29)
- Shares & Stock (18)
- IFRS (17)
- Income Tax Software (4)
- Cost Inflation Index (1)
Recent
- What Documents Are Required for ITR Filing?
- How to File Income Tax Return Online?
- Managing personal finance
- Managing personal finance
- How can beginners start managing their personal finances effectively?
- How can beginners start managing their personal finances effectively?
- How can beginners start managing their personal finances effectively?
- What is Union Budget 2026-27?
- Test
- 26QB Challan
- Cash amount deposit in bank account as on dt:31-03-24
- branch statutory Audit
- Tax Liability on payment of Gratuity
- Using the work orders of another entity
- Capitalisation of Assets in case of housing society
- GSTR 9 ITC Reversal
- Reissue Refund of Closed Partnership Firm
- section 43B(h)
- TCS os sale of Fly Ash
- Limit of cash on hand sec 44ad person
- STATUTORY AUDIT
- Long term capital gain
- Un secured loans hug amount sec 68 provision applicable
- Resume Upload
- Cash balance increased options
- FOREX FFMC GSTR-1
- missing turnover show in next quater or drc-03 pay correct procedure
- Banking
- Gift transactions from relatives allowed different dates
- TALLY EXCEL IMPORT
- Income Tax
- Empanelment ewnewal fees
- Tax Audit in case of Pvt. Ltd. Company
- ITC from ISD wrongly reflecting in System generated annual GSTR 3B
- Pf and esi subscription amounts late payments claim eligible and provision compulsory
- GST Applicability
- Loans credit and debit adjustment entry allowed in it act
- Tax audit or itr-3 filed f.y.22-23
- Gst returns nil filed cash deposit in bank account
- Cash limit question
Q. > Please Help: Exemption u/s 54
one of my assessee has flat at Greater noida which he sold in Jan. 2010 and realised LTCG 40L which is claimed in return 2009-10 and then he booked flat of Rs. 1 cr.possassion of which will be aquired within the 2 yrs.Now the assessee sold another flat of Mayur Vihar in May 2011 and realised LTCG 60L. My question is whether the assessee can claim the LTCG exemtion of rs.60L against the unexhausted amount of cost i.e. Rs.60L in financial year 2011-12
answered Jun 18, 2011 by ca nitin
no as per income tax act the system followed by one time not under system of carry forward in assessment year.
answered Jun 25, 2011 by CA VIKAS JAIN , DELHI
If the purchase of house is within the one year period of sale of house at mayur vihar then he can claim the exemption on RS 60 lakh also.
answered Jul 13, 2011 by CA. Sachin Data , Alwar
Time limits have to be considered...
answered Oct 01, 2013 by Vaneet Gupta , Delhi
Time Limit to be considered
answered Oct 01, 2013 by Vaneet Gupta , Delhi
Time Limit to be considered
Experts Panelist
Comments