Confusion ???
This query is : Resolved
29 December 2010
Hi,
My question is as follows,
Suppose Mr A have 2 houses, 1st one is used for residential purpose & 2nd is used for the purpose of business.
Now Mr A sold both the houses & earn a Capital gain Income from House A(7 lac) & from House B (12 lac,Net Consideration rs 25lac).& Purchase a new house for Rs 35lac.
NOW i want to know that How i can cliam the deduction u/s 54 / 54F.
thnaks
Vishal
My question is as follows,
Suppose Mr A have 2 houses, 1st one is used for residential purpose & 2nd is used for the purpose of business.
Now Mr A sold both the houses & earn a Capital gain Income from House A(7 lac) & from House B (12 lac,Net Consideration rs 25lac).& Purchase a new house for Rs 35lac.
NOW i want to know that How i can cliam the deduction u/s 54 / 54F.
thnaks
Vishal
29 December 2010
Mr A can take the deduction benefit u/s 54 and 54F both . Take 12 lacs under 54 and balance 23 under 54F.
29 December 2010
Thanks Mr Shailesh for ur reply..
The question is that how we bifurcate the new house in our return?
The question is that how we bifurcate the new house in our return?
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