Capital gain
This query is : Resolved
brij bhushan gupta
(Querist)
21 December 2013
sir i have long term capital gain from house property of Rs 10 lacs i deposited in capital gain account if i purchase house of Rs 8 lacs and spent Rs 2 lacs on renovation can i avail Rs 10 lacs benifit of Rs 10 lacs of section 54
Rupesh Jain
(Expert)
21 December 2013
in 54 B you can cliam
CA Hardik Bunha
(Expert)
21 December 2013
yes u r eligible for exepmtion u/s 54.
Mr. rupesh jain u/s 54b is available when capital gain generated from agriculture land.
Mr. rupesh jain u/s 54b is available when capital gain generated from agriculture land.
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