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House property

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(Querist)
05 September 2012 Hello,

I ant to know whether prop owned in co-op hsg socy come under movable prop or unmoveable prop.

If the flat is sold then the capital gain
should be considered as Gain from sale of house property then can we take exemeption under sec54e.

Thanks
P Dandekar.
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CA. Ajay Agrawal

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CA. Ajay Agrawal (Expert)
05 September 2012 of course its immovable property.

it can either be long term or short CG.
u can tk benefit u/s 54E

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