22 June 2015
My query is related to exemption u/s 54
one of my client sales her house property on 12/11/14 for sale consideration RS 502380.00 and purchased one house for RS 3900000.00 On 1/01/14 and again she sale her second house for RS 2887500.00 on 15/06/15 In this case second sale effected in different f.y. my query is can i claim exemption u/s 54 in respect of both sale consideration invested in one house but sale effected in different f.y
or shall i pay in this case capital gain tax in first sale and claim exemption in respect of second sale which is beneficial for client
CAclubindia
