capital gain
This query is : Resolved
10 January 2011
a person sell flat for 1.20 cr 4 months back . the person dies after selling the property . can exemption be claimed in 54 if the legal hier invest in property.
10 January 2011
Yes legal hier can claim the exemption u/s 54.
10 January 2011
If the required conditions are satisfied, the legal heir can avail section 54 benefit.
Citation :- Ramanathan Vs. CIT (1980) 155 ITR 191 (Mad).
Citation :- Ramanathan Vs. CIT (1980) 155 ITR 191 (Mad).
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