Capital gain on 3rd property
This query is : Resolved
sabyasachi ghosh
(Querist)
18 April 2019
My mom has 3 houses ( 1 inherited, 2 owned ) .now want to sell 1 owned house and purchase a new apartment in near future.
please explain the capital gain impact on the sale of 1 house.
regards
please explain the capital gain impact on the sale of 1 house.
regards
CA R SEETHARAMAN
(Expert)
18 April 2019
Claim section 54 exemption.
Within a period of one year before or two years after the date of transfer of old house, the taxpayer should acquire another residential house or should construct a residential house within a period of three years from the date of transfer of the old house.
Within a period of one year before or two years after the date of transfer of old house, the taxpayer should acquire another residential house or should construct a residential house within a period of three years from the date of transfer of the old house.
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