CA Dipanweeta Mukherjee (Proprietor) (102 Points)
04 January 2011My client is the joint owner , having the name as second joint holder in two house wants to sell a third inherited house. She wants to avail exemption u/s 54 by purchasing bond. Whether she has to invest whole consideration or can take the indexation benefit
M Murugesan
(students)
(41 Points)
Replied 04 January 2011
If long term capital assets, you can invest in bond u/s 54EC with in 6 month, only capital gain
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)
CAclubindia
