Capital Gain Exemption
This query is : Resolved
07 February 2020
I had sold a property and gain was Rs.900000 which i have kept in Capital Gain Account Scheme. Now i am planning to buy a house against home loan.
If i use this money kept in Capital Gain Account to repay the housing loan then whether can i get Sec.54 Exemption against capital gain?
If i use this money kept in Capital Gain Account to repay the housing loan then whether can i get Sec.54 Exemption against capital gain?
07 February 2020
Yes you can get sec 54 exemption in such a case.
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