Capital Gain Exemption
This query is : Resolved
Umesh Chandra Prasad
(Querist)
04 August 2016
I am already having a house property in which my share is 50%. Now I have sold another land from which I have earned long term capital gains. Please suggest me if I invest this long term capital gain in a new house property of which my share will be 100% and can I avail Capital gain exemption?
04 August 2016
54F can be availed , but reinvestment should be 'net sale consideration' and not 'capital gain portion'.
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