26 March 2009
A (Individual) is having residential property. This property is given on rent. He is selling this property and want to buy another residential property. So my query is Let out Property sold and that procced invested in buying residential property, so he can take advantage of sec.54?
26 March 2009
hi dear, as per your query, i want to tell you that Exemption is available under section 54 in respect of a residential house which may be let out or sel-occupied
CAclubindia
