Residential house of X compulsory acquired in 2014-15.
Received from govt 250000 in 2014-15
X invested 850000(350000+500000 house loan) in new R.House in same year.
Enhanced compensation received in 2017-18 rupees 400000 and salary income 120000.
can X individual claim exemption under section 54?
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CAPITAL GAIN { Section 45(5) }
Replies (2)
Not eligible.
tax treatment? brief explain ..
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