I have bought one plot, one house six year back, and now I am willing to sell it and bought a flat which cost me equivalent to selling price of both.
Now can I save long term capital gains tax on this.
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Long Term Capital Gain
Replies (3)
Under section 54 exemption is available on long term capital gains where such gains are invested in purchase of residential house but such property should be purchased in india and within 1year before or 2 years after the date of sale.
Yes apply the provision of sec 54 and avail tax benefit
Yrs benifit of section 54 available
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