Dear Sirs,
I want to sell my old house and purchase new house on my married daughter's name with some additional loan from bank for which I will be copted member to repay the loan . In this case , can I be eligible for exemption under sec 54.
Old house 40 L with capital gain of 20L. New house 80L with new loan of 50L. Whether Iam eligible for 54 , if so what will be the exemption .
CAclubindia
