Capital Gain u/s 54
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 May 2010
Dear Sir,
My client has 3 Flat & all of them are Long Term Assets.Now he wants to sell 2 out of 3 and want to buy a new flat. Please suggest me, can he claim the amt of capital gain in the new flat.
Thanks.
My client has 3 Flat & all of them are Long Term Assets.Now he wants to sell 2 out of 3 and want to buy a new flat. Please suggest me, can he claim the amt of capital gain in the new flat.
Thanks.
30 May 2010
Yes, he can claim exeption on long capital gain u/s 54
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