Capital gain
This query is : Resolved
14 August 2012
hello,
I sold a residential property and after 1 month purchased a new h/p and immediately sold it.from the money i again bought a residential h/p
my question is can i avail exemption u/s 54 for the new h/p purchased the second time and not showing the first one?
I sold a residential property and after 1 month purchased a new h/p and immediately sold it.from the money i again bought a residential h/p
my question is can i avail exemption u/s 54 for the new h/p purchased the second time and not showing the first one?
14 August 2012
Yes you can opt for the exemption for the purchase of 2nd property. (By the way, the sale of newly purchased and sold property no 1 will go to short term)
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