banner_ad

Exemption under section 54 and Exemption on it

This query is : Resolved 

02 April 2025 I have claimed exemption u/s. 54 of the income tax act in the asst yr. 2024-25 on sale of my house and invested in new house and claimed exemption. Now I want to purchase another house . What are the implications under income tax regarding this claim of earlier exemption.

02 April 2025 No problem arises, unless you try to sell the newly purchased property before three years.

29 September 2025 Good luck..


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details