Hello Experts,
A Husband and wife had a joint property and they sold the same property and received the consideration after this they have purchased the property in the name of wife in the same year by taking housing loan. As per my understanding there is no any capital gains for this. Please explain.
Thanks and Regards.
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Capital Gains clarification
Replies (6)
If you purchase house within 2 year from sale of old house property then capital gain is exempted u/s 54 upto investment.
Capital gain is exempted if this is purchased within 2 years , though the date is not mentioned.
My honourable CA Rashmi Gandhi mam I have an query in inbox could you please reply me
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