Capital gain on sale of house property
This query is : Resolved
25 July 2016
Dear Sir, A tax payer having 5 houses( whose income is taxable ) has sold one of them and kept the money in Capital Gain A/c scheme of a public sector bank. He intends to sell one or two more of his houses and buy a bigger one.
Under which section can he claim exemption from the capital gains.
Under which section can he claim exemption from the capital gains.
25 July 2016
he can claim exemption under section 54
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