Capital gain on sale and purchase
This query is : Resolved
Quick Summary
28 December 2022
Capital Gain arising from the sale of a flat is 6,60,000/- ( Sale value is 40,00,000)
The new flat purchased is rs.85,00,000.
Under which section can I claim the deduction for income from capital gain?
54 or 54F.
The new flat purchased is rs.85,00,000.
Under which section can I claim the deduction for income from capital gain?
54 or 54F.
Dhirajlal Rambhia
(Expert)
28 December 2022
For deduction of LTCG arising out of sale of RESIDENTIAL HOUSE / FLAT.... sec. 54 of IT act is applicable.
Dhirajlal Rambhia
(Expert)
06 January 2023
My pleasure..
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