Capital gains exemption
This query is : Resolved
18 June 2012
i am owning a flat at chennai jointly with my wife .Before buying this i bought residential house at trichy .since i settled at chennai i am planning to dispose off the house at trichy and buy a residential house at chennai for an amount = to sale proceds of trichy house. In this should i pay capital gains tax .pl clarify thanks a lot
19 June 2012
You can avail exemption u/s 54 if the trichy house is hold by you for more than 36 months
19 June 2012
anand dubey sir, thank u so much for ur immediate help and response
mayil
mayil
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