09 March 2010
I have sold some shares and have Long Term Capital Gains. I plan to invest in a new house property to avoid the tax on LTCG. However, I already have one flat in my name. If i invest in another property will I get exemption for LTCG tax. Please clarify. Urgent
09 March 2010
Holding of only one flat is not a bar to claim exemption under section 54F provided other conditions mentioned in the section are satisfied.
CAclubindia
