Section 54
This query is : Resolved
10 July 2008
A person has two houses which he wants to sell and purchase a big house . Whether his capital gain will be exempt on sale of these houses if he buys only a single house .
11 July 2008
Yes
11 July 2008
No. he can not get the benifit. he should posses only one house and if he sell that house and invest in another house, he will get the benefit.
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