Exemption under section 54 for Capital Gain
This query is : Resolved
10 August 2024
If residential property sold and Capital gain tax Calculated as per old regime by taking Indexation
but if assessee wants to invest in new residential property, can he still get indexation benefit in old capital gain tax regime and claim exemption Under section 54,?
but if assessee wants to invest in new residential property, can he still get indexation benefit in old capital gain tax regime and claim exemption Under section 54,?
10 August 2024
Yes.
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10 August 2024
Thank you Sir.
So, If Property will be sold in Sept 2024, We can still get Indexation benefit under old Capital gain tax Regime even if we want to get benefit of exemption under Sec 54 .
So, If Property will be sold in Sept 2024, We can still get Indexation benefit under old Capital gain tax Regime even if we want to get benefit of exemption under Sec 54 .
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10 August 2024
Yes, provided the amendment proposed in the finance bill is cleared in Rajya sabha also.
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