Capital gain sec 54
This query is : Resolved
03 April 2014
if assessee purchased two houses and then one house sold within prescribed time(within 3 years) then
total capital gain or apportioned to such house shall be reduced from COA of new house
03 April 2014
two house are considered as separate unit and take capital gain separately.
house sold with in three year gain will add in your other income and tax accordingly.
house sold with in three year gain will add in your other income and tax accordingly.
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