House hold property

28 December 2022

If someone sale the house built on his abadi land, then how can he save tax on the amount received from it?

Reply
Follow
Share

4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (176796 Points)
Replied 28 December 2022

By purchase of any house property as specified u/s. 54 of IT act....

Or by purchase of capital gains bond as specified u/s. 54EC of the act..

1 Like

Harikrishna Agrawal (6 Points)
Replied 28 December 2022

Will the money spent to build that house be exempt?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (176796 Points)
Replied 28 December 2022

Money spent to build any new house property will exempt the LTCG of the present house sold.

Harikrishna Agrawal (6 Points)
Replied 29 December 2022

Start a New Discussion