Capital gain on house sold later then another purchase
Prateek Bansal (Article) (41 Points)
25 July 2014Prateek Bansal (Article) (41 Points)
25 July 2014
Mihir
(Wealth Manager)
(5293 Points)
Replied 25 July 2014
Exemption u/s 54 is available for purchase of property 1 year prior to sale of property. So, yes, you may claim exemption is the property is sold within 1 year after the purchase of new property.
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 25 July 2014
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