Sec 54
This query is : Resolved
12 December 2013
Assessee retained more than one house for the purpose of his own or parents’- Whether capital gains arising on transfer of each of such houses should qualify for exemption.(WITH CASE LAW)
thanks in advance
thanks in advance
12 December 2013
Yes both the houses qualify for the exemption provided Long Term capital Asset
It is a provision of section 54 which do not restric exemption restricted to 1 house so I dont think any case law is needed? really?
It is a provision of section 54 which do not restric exemption restricted to 1 house so I dont think any case law is needed? really?
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