Capital Gain and House Property



my one client already held 2 residential property 1 self occupied and 1 rented. He planing sale of gold and sum amount loan and buy new 3 residential property and rented. So my Q
1. allow long term capital Gain sale of gold
2.; income tax any limitations property held.
please share section
 
Reply   
 
KVO Merau Kutchh

1. No, as deduction u/s. 54F not eligible.

2. No limit.

 
Reply   
 

sir thanks one more suppose his wife one residential property rented so his wife allow sale of gold long term capital gain and
allow all property interest paid up to 2L
 
Reply   
 
KVO Merau Kutchh

Though not understood the second query properly, but as per my grasp, yes to both part.

 
Reply   
 

LEAVE A REPLY

Your are not logged in . Please login to post replies

Click here to Login / Register  

 


×

  CCI MENU