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Capital Gains u/s 54

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(Querist)
08 August 2009 If an assessee sells residential house and invests the entire capital gains in another residential house which is co-owned with a family member then is the capital gains arising on such transfer exempt u/s 54
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CA Gangadhar Mishra

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CA Gangadhar Mishra (Expert)
08 August 2009 yes,investment is to be made in another residential house to the extent of the capital gain to avail exemptions U/S 54
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kuntal dave

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kuntal dave (Querist)
08 August 2009 thanx a lot!!!!




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