Sec 54
This query is : Resolved
RANJAN GUPTA
(Querist)
21 January 2015
agar residential house outside india sold karu aur naya house india me purchase karu to kya 54 mil jayega?
Manish Thakkar
(Expert)
22 January 2015
According to me residential status of individual in this case is very important factor : if Indian resident than globle income tax in India, and capital gain arise on transferring residential house outside india used to acquire new residential house in India. Benefits of section 54 can be available.
View presented is personal and subject to vary as per law
View presented is personal and subject to vary as per law
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Rupesh Jain
(Expert)
22 January 2015
if your income taxable in india then you can take this benefit till AY 2014-15.you can take if property any where. but in A y 2015-16 it is compulsory for property with in india. u/s 54
22 January 2015
ye it is allowed so................
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