Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 September 2011
U/S 54 of the income tax capital gain on sale of house property use for residence is exempt if assessee purchase residential house within one year or constructed house within 3 years or and cost constructed house purchase of house more than or equal to capital gain is this exmption applicable even if assessee has many residential house property ?
19 September 2011
no in the said case exemption will not be available.
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