Section 54f under capital gain
This query is : Resolved
28 June 2014
whether transfer of any long term capital asset including residential house property or excluding residential house property.
28 June 2014
seriously ankit...isnt the section self-explanatory???
"where, in the case of an assessee being an individual or a Hindu undivided family], the capital gain arises from the transfer of any long-term capital asset, not being a residential house"
"where, in the case of an assessee being an individual or a Hindu undivided family], the capital gain arises from the transfer of any long-term capital asset, not being a residential house"
30 June 2014
this section deduction for thouse assesse who have not residential house but buy his own house to sell his another long term aseets.
you cannot take exemption of laong term capital gain on sale of house property. for that section is 54 not the section 54F.
you cannot take exemption of laong term capital gain on sale of house property. for that section is 54 not the section 54F.
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