CAPITAL GAIN ON SALE OF TWO PROPERTIES
This query is : Resolved
23 July 2022
Respected all members,
Please guide me on the following question
Is there any exemption against LTCG , if anyone sales one commercial property and one residential property and purchase one residential property from the proceeds of both the properties ?
Thanks in Advance
Please guide me on the following question
Is there any exemption against LTCG , if anyone sales one commercial property and one residential property and purchase one residential property from the proceeds of both the properties ?
Thanks in Advance
23 July 2022
Yes, claim section 54 exemption for sale of residential house and claim section 54F exemption for sale of commercial property.
Claim exemption for both the properties in buying single residential house.
Claim exemption for both the properties in buying single residential house.
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