CAPITAL GAIN EXEMPTION US 54
This query is : Resolved
Quick Summary
CA Rahul Tambe
(Querist)
19 June 2020
ASSESSEE HAD 2 RESIDENTIAL HOUSE, HOUSE-1 IS USED FOR SELF OCCUPIED AND HOUSE-2 IS USED FOR LET OUT, NOW ASSESSEE WANT TO SOLD HOUSE-2 AND REINVEST SALES PROCEEDS IN NEW HOUSE-3, MY QUESTION IS WHETHER BENEFIT OF SECTION 54 IS ALLOWED IF ASSESSEE ALREADY OWNED ONE HOUSE.
PLEASE GUIDE US.
THANKS IN ADVANCE FOR SPARING YOUR VALUABLE TIME
PLEASE GUIDE US.
THANKS IN ADVANCE FOR SPARING YOUR VALUABLE TIME
19 June 2020
Benefit is allowed u/s 54.
19 June 2020
Yes he can get the benefit US 54
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