sett off
This query is : Resolved
aparna samant
(Querist)
20 August 2010
if A house sold & another B house purchased by using selling amt of house A then there is any set off claim by me in comoputing my total income
Aditya Maheshwari
(Expert)
20 August 2010
exemption available u/s 54 if gains of long term house property invested in purchase of new property.
20 August 2010
Tax benefit is available, if the sale proceeds on one house is utilized for the purchase of another new house.
CA Sanat Pyne
(Expert)
20 August 2010
yes if house a is longterm capital assets then u/s 54 you can get the benifit of exemption .
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