MR.A has sold an house for an amount of Rs.60,00,000/- 25-04-2014, and has purchased two flats in different places in the name of Mr.A. Please advice whether he is eligible for benefit u/s 54 for both the flats for calculation of capital gain or not.
Menu
Capital gains
Replies (2)
no, only one flat is eligible.
which is more beneficial to you
no, he can claim exemption of any one of the flats purchased.
Recent Topics :
- Company 3 months old, INC-20A not filed, all 3 of
- How do I choose the Best GST Lawyers in New Delhi
- Loss on sale of residential flat after indexing al
- Short Deduction
- Large mismatch between AIS Business Receipts and G
- Income tax on Australian Stipendiary Steward on 3
- INCOME TAX SECTION 92E
- Queries on Tax Invoice and GST
- Income Tax Auditor Tenure for Small Companies
- Sec 8 company sec 12ab reg
Related Topics :
CAclubindia
