Capital Gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 November 2009
The assessee has sold his residential property on 9.11.09 and before that he has constructed other residential property (plot purchase in 1976), the completion of which has been obtained in Nov.2008. Whether the benefit u/s 54 can be claimed to avoid Capital Gain Tax or not?
17 November 2009
yes, if he have only one house property (other then transfered house) on the date of transfer .
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