Long term capital gain reinvest
This query is : Resolved
10 December 2013
can long term capital gain invest in more than one residential property.while sec 54 says a house but a confusion pl clearify this in proper way
CA PARAS BAFNA
(Expert)
10 December 2013
A house means one house.
.
You can extend the benefit in the light of several case laws if you purchase two or more adjacent houses having a common kitchen
so that the property may be treated as one residential unit.
.
.
You can extend the benefit in the light of several case laws if you purchase two or more adjacent houses having a common kitchen
so that the property may be treated as one residential unit.
.
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