I have sold 2 residential houses which resulted in a long term capital gain of Rs 41 lakhs and purchased 1 residential property for Rs 48 lakh will i get exemption under sec 54 for pur of 1 house for sale of 1
Rahul (Article) (28 Points)
11 April 2013I have sold 2 residential houses which resulted in a long term capital gain of Rs 41 lakhs and purchased 1 residential property for Rs 48 lakh will i get exemption under sec 54 for pur of 1 house for sale of 1
Akanksha Jain
(Article)
(690 Points)
Replied 11 April 2013
You can avail exemption for both the residential house..b'coz the purchase price of new residential house is more than the cummulative capital gains of the houses sold
Originally posted by : Akanksha Jain | ||
You can avail exemption for both the residential house..b'coz the purchase price of new residential house is more than the cummulative capital gains of the houses sold |
Rahul
(Article)
(28 Points)
Replied 11 April 2013
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961