Capital gain
MOHD SHAHID (PROPRIETOR) (264 Points)
08 March 2016
a person has two houses,he sold one, can the sale proceeds be invested to purchase new house or not.
MOHD SHAHID (PROPRIETOR) (264 Points)
08 March 2016
jaya krishna
(Chartered Accountant)
(262 Points)
Replied 10 March 2016
As per sec 54 there is no restiction on holding number of house propeties. u can calim excemtion under this section if u r invested in new house property.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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