Capital Gains
This query is : Resolved
20 May 2011
Dear All
Is long term capital gains arising on transfer of tenancy right , eligible for exemption on subsequently purchasing a residential house property?
Please explain
Regards
Rahul
Is long term capital gains arising on transfer of tenancy right , eligible for exemption on subsequently purchasing a residential house property?
Please explain
Regards
Rahul
CA PARAS BAFNA
(Expert)
20 May 2011
Yes. Exemption U/s 54F can be availed.
Nikhil Kothari
(Expert)
21 May 2011
Yes eligible for exemption for u/s 54F.
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