Capital gain
This query is : Resolved
18 April 2016
Dear Colleges.,
An assessee has sold a house property and investment into another residential property and avail benefit of the section 54. But within the 3 years assesses has sold the new residential property and again invest into the new house property . can he continue to avail the benefit of the section 54 or he has to treated gain as short term capital gain.
Thank You.
Ankur Sangoi
An assessee has sold a house property and investment into another residential property and avail benefit of the section 54. But within the 3 years assesses has sold the new residential property and again invest into the new house property . can he continue to avail the benefit of the section 54 or he has to treated gain as short term capital gain.
Thank You.
Ankur Sangoi
18 April 2016
No. it is short term capital gains..
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