I have a residential house property in my mother's name which has been rented out to a company for the residence of its employees. We are planning on selling this property and investing in a property which we later plan to rent out to banks or restaurants as we will get higher rent. Will i get the benefit of exemption u/s 54 for this ? If not, are there any other ways to ensure exemption?
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Capital gains exemption
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As you are not the owner of the HP, only your mother will get the benefit of section 54
agree with MRr. Giridhar...
By I i meant my mom only..will she get exemption u/s 54?
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