Section 54
This query is : Resolved
29 September 2019
One flat was purchased in 2006. Second flat was purchased in 2009. The second flat was sold in 2014 and the amount re-invested in one housing property. In this transaction, the benefit of section 54 was availed.
Now, the first property purchased in 2006 are being sold and the amount will be re-invested in one housing property.
Whether the benefit of section 54 available for the transaction or not
Now, the first property purchased in 2006 are being sold and the amount will be re-invested in one housing property.
Whether the benefit of section 54 available for the transaction or not
30 September 2019
Yes, the benefit of section 54 is available for the transaction.
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