I have sold a residential flat recently which gave a long term capital gain of Rs.26L. I have 3 other residential flats also in my name bought from own savings and 1 flat in joint title through housing loan. Please advice, can I save this capital gain of 26L by investing in another residential property in my name? I have so far never availed any exemption from sale of any property.
54 EC and 54EE
Please find this https://finotax.com/income-tax/info/cg-deductions
I understand one can save LTCG by investing in one more residential property (section 54) I believe this is applicable in one property only and since I have never taken this advantage, can I take now by purchasing another res prop?
O P Bagla & Co LLP
New Delhi
CA Inter
View Details
T R SOOD & CO
New Delhi
CA Inter
View Details
SMJ global advisors pvt ltd
New Delhi
B.Com
View Details
CAclubindia
