Long term capital gain on sale of housing property

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 August 2014 I have 2 house property . One is self occupied and other one is let out. I wants to sale the self occupied property kindly suggest the can i will eligible for tax exemption if i invest in another housing property

also suggest other available long term capital gain tax saving options

Rupesh Jain

Rupesh Jain (Expert)
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02 August 2014 you can sale the house and invest in new house for buy with in two year or construction with in three year of sales.
till you invest the amount in capital gain account scheme 1988 in any bank.

u/s 54 you can do this. or u/s 54EC in bond with in six month from date of tfr.

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