Long term capital gain
This query is : Resolved
12 November 2014
LTCG is arise on sale of house is Rs. 1000000 to Mr. A. He purchases a new house for Rs. 1200000 which is financed by bank up to Rs. 1000000 in the same financial year. Please let me know that the LTCG is exempted u/s 54 of the Act or not?
12 November 2014
you still get the exemption.........
12 November 2014
you still get the exemption......
13 November 2014
at present your new purchase more than the LTCG then its exempt
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