income from sale of residential house property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 February 2011
I intend to sell two residential house properties in Delhi and invest the total proceeds in buying a single residential house property at Mumbai, would i be eligible for rebate under SECTION 54 of Income Tax Act on the total consideration?
Ratan Sharma
(Expert)
02 February 2011
Yes you will be eligible for deduction u/s. 54
Guest
Guest
(Expert)
02 February 2011
Agree with Mr. Sharma
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