Exemption in compulsory acquisition of residential house
This query is : Resolved
24 May 2019
Sir,
Compensation is made to me for compulsory acquisition of my residential house in April, 2018,
I, constructed new residential house in same year i.e. 2018 with expenditure more than compensation received,
how can i claim exemption to capital gain in Income Tax,
which section is applicable for exemption for AY 2019-20.
Kindly guide...
Thanks
Compensation is made to me for compulsory acquisition of my residential house in April, 2018,
I, constructed new residential house in same year i.e. 2018 with expenditure more than compensation received,
how can i claim exemption to capital gain in Income Tax,
which section is applicable for exemption for AY 2019-20.
Kindly guide...
Thanks
25 May 2019
Seek exemption under section 54.
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