Capital gain
This query is : Resolved
13 February 2014
SIR, ONE OF MY CLIENT HAS MADE CAPITAL GAIN OF 700000. HE WANT TO TAKE EXEMPTION U/S 54 OF CAPITAL GAIN. MY QUESTION IS AS HE HAS ALREADY ONE HOUSE. CAN HE PURCHASED ANOTHER HOUSE ONLY FOR AVAILING BENEFIT OF SEC.54?
13 February 2014
Yes. Section 54 doesnt prohibit that...the condition u r referring to is applicable to section 54f
15 February 2014
THANKS........................
15 February 2014
you are welcome.............
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