I purchased flat in this financial year of possession letter in September 2018
after that I sold my existing flat in this month
can I get benifit u/s 54 or shall I pay tax thereon
pl suggest
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capital gains
Replies (3)
if
old house is long term capital
and residential
and new house must be in India
yes old house is long term capital gains and residential same in India
if income from such house property should be chargeable Under the head "Income from House property " then exemption u/s 54 is available
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