Capital gain on hp
This query is : Resolved
05 September 2017
Plz asviseAn Individual want to sale his residential house property and out of sale consideration he wants to buy two house property one in his own name and other one in name of his son.What will be capital gain liability?Can he take deduction us 54 for both purchased house?
05 September 2017
Exemption u/s 54 is limited to one house only w.e.f. 1.4.2015
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