Capital gain exemption u/s 54

CA NEHA AGARWAL (Practise) (227 Points)

14 July 2012  

Hello Friends,

If somebody purchased a residential house three years before the sale of another residential house but the repayment of last loan installment is before one year of sale of residential house.In this case whether he'll get the exemption u/s 54 or not.

Please friends support your answer with the source.