Exemption under section 54
This query is : Resolved
14 January 2011
Dear Sir
I have purchase a residential house in 2005.In Jan 2011 i want to purchase another residential house and in may 2011 i want to sell the house which i purchased in 2005.Will i will get a exemption under section 54
I have purchase a residential house in 2005.In Jan 2011 i want to purchase another residential house and in may 2011 i want to sell the house which i purchased in 2005.Will i will get a exemption under section 54
Guest
Guest
(Expert)
14 January 2011
Yes, you will get a exemption under section 54
14 January 2011
definalty as per the rules you can purchase it in 2 year of sale of one residentialhouse
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