Exemption in capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 February 2012
Hello,
M Bit Confused and not able to find the appropriate answer..... so requesting u all for help me regarding this question:
Q. there are three cases:
1. If assessee sale his 1 residential house and purchase 2 Residential house then wt are the exemption there?
2. If assessee sale his 2 residential house and purchase 1 Residential house then wt are the exemption there?
3. If assessee sale his 2 residential house and purchase 2 Residential house then wt are the exemption there?
PLease tell and also tell that wt conditions are required there?
M Bit Confused and not able to find the appropriate answer..... so requesting u all for help me regarding this question:
Q. there are three cases:
1. If assessee sale his 1 residential house and purchase 2 Residential house then wt are the exemption there?
2. If assessee sale his 2 residential house and purchase 1 Residential house then wt are the exemption there?
3. If assessee sale his 2 residential house and purchase 2 Residential house then wt are the exemption there?
PLease tell and also tell that wt conditions are required there?
25 February 2012
In all cases exemption will be available under sec 54 , no specific condition for these cases.
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 February 2012
so while we purchase two or more house.... there is exemption of only 1 house of assessee choice...
m i right?
m i right?
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