Capital Gain and House Property

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Accountant
141 Points Joined May 2012
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.
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On 25 June 2019 at 08:06 Report
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SEO Sai Gr. Hosp.
210634 Points Joined July 2016

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

2. No limit.

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On 25 June 2019 at 08:49
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Accountant
141 Points Joined May 2012
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
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On 25 June 2019 at 09:04
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SEO Sai Gr. Hosp.
210634 Points Joined July 2016

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

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On 25 June 2019 at 10:40


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