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aparna samant (Querist)
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20 August 2010 if A house sold & another B house purchased by using selling amt of house A then there is any set off claim by me in comoputing my total income

Aditya Maheshwari

Aditya Maheshwari (Expert)
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20 August 2010 exemption available u/s 54 if gains of long term house property invested in purchase of new property.

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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20 August 2010 Tax benefit is available, if the sale proceeds on one house is utilized for the purchase of another new house.

CA Sanat Pyne

CA Sanat Pyne (Expert)
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20 August 2010 yes if house a is longterm capital assets then u/s 54 you can get the benifit of exemption .

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