Exemption from capital gain tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 June 2014
I had sold a plot of land vide sale deed dated 19.08.2013 and purchased a flat vide sale deed dated 07.08.13. Whether I am allowed to get exemption of capital gain tax. I have no any other residential house except the flat now purchased.
20 June 2014
yes, you are eligible for exemption under section 54F.
20 June 2014
yes you can get benefit of u/s 54F according to this receipts to be invest in house. then no tax lavied
24 June 2014
yes in this case ur eligible for sec 54F.
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