Exchange of property
This query is : Resolved
TARIQUE RIZVI
(Querist)
06 January 2015
If we sell the property and if the amount received on such transaction is 100% used for purchasing some other property. Whether any tax liability will arrive on seller
CA Kumar Mukesh
(Expert)
07 January 2015
for deduction from capital gains you need to read all provisions of section 54 of Income Tax Act.
Note: If you mentioned type of property sold and type of property purchased then only appropriate opinion can given
Note: If you mentioned type of property sold and type of property purchased then only appropriate opinion can given
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