Capital gain
MOHD SHAHID (PROPRIETOR) (279 Points)
08 March 2016
a person has two houses,he sold one, can the sale proceeds be invested to purchase new house or not.
1 Replies
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.
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