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
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Capital Gain and House Property
Replies (3)
1. No, as deduction u/s. 54F not eligible.
2. No limit.
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
allow all property interest paid up to 2L
Though not understood the second query properly, but as per my grasp, yes to both part.
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