I have sold 2 residential houses which resulted in a long term capital gain of Rs 41 lakhs and purchased 1 residential property for Rs 48 lakh will i get exemption under sec 54 for pur of 1 house for sale of 1
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Capital gain exemption u/s 54
Replies (3)
You can avail exemption for both the residential house..b'coz the purchase price of new residential house is more than the cummulative capital gains of the houses sold
| Originally posted by : Akanksha Jain | ||
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You can avail exemption for both the residential house..b'coz the purchase price of new residential house is more than the cummulative capital gains of the houses sold |
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Is there any case law on that or juss written in tha act....
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