Dear Sir
I have two House. Previous year 16-17 I sale my second house and purchase new house. I am eligible for getting capital gain tax banifit .
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capital Gain Tax on Second House Sale
Replies (4)
Yes, if the house sold was held for more than 3 years, and other compliance as per section 54 are satisfied.
as per amendment in sec 54 in 2015 about one house I am eligible.
as per amendment in sec 54 in 2015 about one house I am eligible.
As per Section 54 , the assessee has to purchase one residential house in India against the sell of residential house in order to get exemption.
Accordingly you are eligible for exemption u/s 54
Accordingly you are eligible for exemption u/s 54
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