exemption of sec.54 of capital gain
This query is : Resolved
31 January 2011
Sir,
I want to know that can an assessee claim for exemption under section 54 of capital gain whenever he has purchased two house in the same year of capital gain derived.
I want to know that can an assessee claim for exemption under section 54 of capital gain whenever he has purchased two house in the same year of capital gain derived.
01 February 2011
Pl see the Karnataka High Court decision in
http://164.100.80.145:8080/dspace/bitstream/123456789/441273/2/ITA783-08-27-08-2010.pdf
http://164.100.80.145:8080/dspace/bitstream/123456789/441273/2/ITA783-08-27-08-2010.pdf
01 February 2011
Yes allowed u/s 54 in case , Where amount is invested for purchase of more than one house.
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