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Capital gain

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(Querist)
21 December 2013 sir i have long term capital gain from house property of Rs 10 lacs i deposited in capital gain account if i purchase house of Rs 8 lacs and spent Rs 2 lacs on renovation can i avail Rs 10 lacs benifit of Rs 10 lacs of section 54
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Rupesh Jain

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Rupesh Jain (Expert)
21 December 2013 in 54 B you can cliam
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CA Hardik Bunha

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CA Hardik Bunha (Expert)
21 December 2013 yes u r eligible for exepmtion u/s 54.

Mr. rupesh jain u/s 54b is available when capital gain generated from agriculture land.
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