Exemption under section 54 and Exemption on it
This query is : Resolved
02 April 2025
I have claimed exemption u/s. 54 of the income tax act in the asst yr. 2024-25 on sale of my house and invested in new house and claimed exemption. Now I want to purchase another house . What are the implications under income tax regarding this claim of earlier exemption.
02 April 2025
No problem arises, unless you try to sell the newly purchased property before three years.
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