Capital Gain and House Property


Jigar Thakkar (Accountant)     25 June 2019

Jigar Thakkar
Accountant 
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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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Dhirajlal Rambhia (KVO Merau Kutchh)     25 June 2019

Dhirajlal Rambhia
KVO Merau Kutchh 
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1. No, as deduction u/s. 54F not eligible.

2. No limit.

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Jigar Thakkar (Accountant)     25 June 2019

Jigar Thakkar
Accountant 
 114 points

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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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Dhirajlal Rambhia (KVO Merau Kutchh)     25 June 2019

Dhirajlal Rambhia
KVO Merau Kutchh 
 8809 likes  90560 points

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


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