Whether exemption available u/s 54
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 August 2016
Dear experts,
My client has got 2 SOP Flats and now she wants to sell both the flats and wants to invest full proceeds in to a new residential SOP flat, whether she is eligible to get exemption u/s 54. Please reply as soon as possible and oblige.
My client has got 2 SOP Flats and now she wants to sell both the flats and wants to invest full proceeds in to a new residential SOP flat, whether she is eligible to get exemption u/s 54. Please reply as soon as possible and oblige.
08 August 2016
Yes she will be entitled to get exemption u/s 54 if all conditions of section 54 are fulfilled.
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