Section 54 of capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 May 2013
Assessee has held 3 residential House Property(HP), Assessee had sold 1 HP & Purchased another HP within 6 months.
Is Assessee gets benefit of Sec 54??????
I heared that Assessee gets benefit in sec 54 only if assessee has 2 HP.
Is it Correct????
Is Assessee gets benefit of Sec 54??????
I heared that Assessee gets benefit in sec 54 only if assessee has 2 HP.
Is it Correct????
Guest
Guest
(Expert)
15 May 2013
The assesse will get the benefit of SEction 54.
There is nothing in the section which prohbitate an assesse for having more than 1 house.
Moreover there is also an judgement on it.
As soon as i get , i will share it.
There is nothing in the section which prohbitate an assesse for having more than 1 house.
Moreover there is also an judgement on it.
As soon as i get , i will share it.
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