Capital gain on sale of part of residential house property
This query is : Open
19 December 2017
Hello , my father has a house property which was purchased 3 years back
Now if part of the property is sold, can I claim sec 54/54f exemption ?
And we have no other property at anywhere.
Now if part of the property is sold, can I claim sec 54/54f exemption ?
And we have no other property at anywhere.
19 December 2017
If the part of the residential house can be treated as a residential unit, then, yes, the exemption may be claimed.
Even a room can be considered as a residential unit.
Even a room can be considered as a residential unit.
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