Capital gains


06 October 2017 My client sold one property for Rs.75 Lacs (Capital Gains Rs. 24 Lakhs)and wants to buy 2 properties of Rs. 50 Lakhs and Rs. 25 Lakhs. Can he claim 100% Capital Gains exemption?

06 October 2017 Sec 54 provides that, you need to invest the Capital gain in new residential house, as you have invested more than capital gain in one house, you can claim it for sec 54. Even 1 property will be sufficient for claiming 100% exemption.

06 October 2017 Yes you can claim 100% Exemption but amount of exemption cant be more than Capital Gain....




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