Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 February 2014
capital gain arise from sale of residential house property
it is compulsory to invest same money for purchase of new residential house or assessee can claim exemption using money of housing loan
any case law???
it is compulsory to invest same money for purchase of new residential house or assessee can claim exemption using money of housing loan
any case law???
14 February 2014
Borrowed money can be used for reinvestment in house property to claim section 54.
Citation:- CIT v. Dr. P. S. Pasricha, 20 SOT 468 (Mum.)
Citation:- CIT v. Dr. P. S. Pasricha, 20 SOT 468 (Mum.)
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