Sale of house property
This query is : Resolved
10 August 2016
A residential house property is owned by 2ppl jointly which is received as gift in inheritance....
Now the owners want to sell the property and purchase another residential property...
Can the owners buy 2 separate properties and claim the exemption u/s 54
What is the ruling this case
Kindly revert back asap
Now the owners want to sell the property and purchase another residential property...
Can the owners buy 2 separate properties and claim the exemption u/s 54
What is the ruling this case
Kindly revert back asap
10 August 2016
Yes the owners can buy 2 separate properties and claim the exemption u/s 54.
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