Any Long term asset ( other than a residential house property ) provided on the date of transfer the taxpayer does not own more than one residential house property from the assesment year 2001-02 (except the new house )
Any Long term asset ( other than a residential house property ) provided on the date of transfer the taxpayer does not own more than one residential house property from the assesment year 2001-02 (except the new house )
It means on date of transfer ie sale of residential house assessee should not own any other long term asset excpet this residential house whic is sold and the new house property.
Hope ur doubt is cleared.
CAclubindia
