capital gains

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190 Points Posted on 04 December 2018
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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On 04 December 2018 at 15:14 Report
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Chartered Accountant
12739 Points Posted on 04 December 2018

if 

old house is long term capital

and residential 

and new house must be in India 

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On 04 December 2018 at 15:22
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190 Points Posted on 04 December 2018
yes old house is long term capital gains and residential same in India
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On 04 December 2018 at 15:26
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1020 Points Posted on 04 December 2018
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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On 04 December 2018 at 16:34

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