sec 54- capital gain deduction
This query is : Resolved
asha fernandes
(Querist)
15 October 2008
dear sir,
if a non resident sells residential property in india and buys a residential property in u.k. can he claim exemption u/s 54
if a non resident sells residential property in india and buys a residential property in u.k. can he claim exemption u/s 54
15 October 2008
My view is no.But there is court decision in favour. I shall give the citation today itself by separate reply.
15 October 2008
The citation referred in my earlier reply is as follows:-
Mrs. Prema P Shah vs ITO (2006) 282 ITR (AT) 211 (Mum)
It is a tribunal decision.
Mrs. Prema P Shah vs ITO (2006) 282 ITR (AT) 211 (Mum)
It is a tribunal decision.
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