Sec 54


This query is : Resolved 

(Querist)
24 November 2012 Long term capital game arising from house property he claim under sec 54

24 November 2012 section 54 gives the benefit of exemption if the assessee invests in the house property as per the provisions of the said section.

hiren (Querist)
24 November 2012 As per this sec it is compulsory gain arising from house property?

hiren (Querist)
24 November 2012 As per this sec it is compulsory gain arising from house property?

24 November 2012 yes, that is the pre requisite of section 54. For gain arising out of "other than residential house property".. go by section 54F


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