banner_ad

cap gains

This query is : Resolved 
Profile Image

Profile Image

(Querist)
18 March 2009 Value of hp1- 1500000
sold for - 5000000
bought a new house2 for 1 cr
housing loan 90 lacs
cap gains invested -30 lacs..
will the assessee be entitled for sec 54???
Profile Image

HUZAIFA HUSSAIN

Profile Image

HUZAIFA HUSSAIN (Expert)
18 March 2009 IF THE FIRST HOUSE IS HELD FOR MORE THAN THREE YEARS AND THE SECOND HOUSE IS PURCHASED/ CONSTRUCTED WITHIN THE TIME LIMIT PRESCRIBED U/S 54 THAN THE ASSESSEE IS ENTITLED FOR SEC 54 EXEMPTION.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details