01 February 2011
If asseessee has 2 residentual house and both residentual house sold out and such asseessee can claim exemption under sec 54 of Capital Gain?
01 February 2011
Yes you can claim the exemption .............
if sale procced is not utillsed Deposit the same in Capital Gain Account
Provide more facts for more clearity
Querist :
Anonymous
Querist :
Anonymous
(Querist)
01 February 2011
one house gifted from mother and another house gifted from father and now both houses are used for residential purpose, if both houses sold then asseessee can claim exemption under sec 54 of capital gain?
05 February 2011
Hi, Yes u can Claim the deduction under Section 54. As Section 54 says that to claim the benefit there should a sale of residential House property.
i does not mention aboub the no of H/Ps
Give me some Facts will be ina better position to explain.
05 February 2011
Dear sir apart from opening the capital gain account in a bank and depositing the money there is no other procedure... you have to fellow the condition for that.....