REGARDING EXMPTION U/S 54
This query is : Resolved
21 May 2009
AS PER SEC 54 WHETHER WE SHALL HAVE TO DEPOSIT THE AMOUNT OF CAPITAL GAIN OR THE AMOUNT OF NET CONSIDERATION IN THE CAPITAL GAIN DEPOSIT SCHEME FOR CLAIMING THE EXEMPTION?PLEASES NOTE THAT THE ASSESSEE WANTS TO SELL ONE RESIDENTIAL HOUSE AND TO BUY NEW RESIDENTIAL HOUSE OR THE BOND OF R.E.C. OR N.H.A.
21 May 2009
Capital gain only to be reinvested.
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