Capital Gains - Income Tax
This query is : Resolved
26 August 2009
Under section 54F for claiming exemption on capital gains, the assessee has to invest in new house.
The assessee should not have more than one house at the time of capital gains
Query:
If an assess have a house with ground floor and first floor. one is letout and the other is self occupied. Whether it constitute a single house or two house for the purpose of claiming exemption u/s 54F
The assessee should not have more than one house at the time of capital gains
Query:
If an assess have a house with ground floor and first floor. one is letout and the other is self occupied. Whether it constitute a single house or two house for the purpose of claiming exemption u/s 54F
30 August 2009
It Constitute a single house
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