Please help.
Assessee has sold 2 house properties having long term capital gains of ₹ 2389000 and ₹103200/- respectively.
Now he has invested 6mths earlier of this sale transaction, a house property with ₹75 lakhs.
Shall he be eligible for deduction u/s 54 in respect of both flats sold ??
thanking you in anticipation.
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Sec 54 exemption
Replies (2)
Yes, eligible for sec 54 Exemption.
so how to claim the exemption I. itr?? shall the same property details be entered In 2 different capital gains calculation??
ie. say same address in both capital gains computation and entering 2389000 as value in first property and 103200 in other property
or
value of investment 75 lakhs in both properties
ie. say same address in both capital gains computation and entering 2389000 as value in first property and 103200 in other property
or
value of investment 75 lakhs in both properties
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