Long term capital gain
babita paliwal (Student CA Final ) (124 Points)
21 March 2016babita paliwal (Student CA Final ) (124 Points)
21 March 2016
CA PRATIK DHRUVE
(CHARTERED ACCOUNTANT)
(634 Points)
Replied 21 March 2016
As per section 54F, the new house has to be bought within 2 years from the date of sale of property. So, exemption will be available.
Susmita Dutta, CA , CPA
(CA )
(2141 Points)
Replied 21 March 2016
Hi Babita,
kindly go through the link /articles/capital-gains-exemption-from-tax-u-s-54-54f-23471.asp
babita paliwal
(Student CA Final )
(124 Points)
Replied 22 March 2016
Thank you so much for providing kind solution
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