Capital Gain on 2 house property
This query is : Resolved
30 June 2010
suppose we sale a house property in March 2010 and one house property sale in april 2010 and purchase a house property in april 2010 from the sale consideration of both the assets.
so how I can claim LTCG from both sale consideration.
so how I can claim LTCG from both sale consideration.
30 June 2010
Exemption will be available in your case u/s 54. No need to worry.
Prepare two computation statements of LTCG and consider the amount of exemption available u/s 54 and tax the balance if any in the next year computation i. e. F. Y. 2010 - 11
Prepare two computation statements of LTCG and consider the amount of exemption available u/s 54 and tax the balance if any in the next year computation i. e. F. Y. 2010 - 11
12 July 2010
Exemption under 54 is not limited to purchase of one property. You can invest in more than 01 property
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