Ltcg on sale of residential house
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 May 2018
Assessee has sold 3 residential houses amounting to Rs 4 crore approx and earned the LTCG of Rs say 30 lacs (Rs 15 Lac + Rs 5 Lac + Rs 10 Lac). He invested Rs 3.5 Crore to purchase new house. Is his total LTCG ie Rs 30 Lac exe. If yes, how to reflect in IT return ie 3 different entry or 1 single entry
Kindly Share your expertise
Kindly Share your expertise
28 May 2018
Exempt u/s 54 either buying one house or three houses. 3 different entry to be shown in ITR.
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