Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 July 2011
can anyone get exemption on sale of gold(jewellery) when he will be invest this sale proceeds into residence house.
CA PARAS BAFNA
(Expert)
15 July 2011
Yes he can avail exemption U/s 54F, provided he does not own more than one residential house.
CA Mukesh Jain S
(Expert)
15 July 2011
He can avail section 54F exemption. He should not own more than 1 house on the date of investment.
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