Capital gain
ankit modi (student) (42 Points)
25 March 2017ankit modi (student) (42 Points)
25 March 2017
Prity Agarwal
(CHARTERED ACCOUNTANT)
(363 Points)
Replied 25 March 2017
The assesse who shall be selling the house property shall have to purchase a new house property in his own name.
ankit modi
(student)
(42 Points)
Replied 25 March 2017
YOU MEAN IF ASSESSE PURCHASE NEW HOUSE PROPERTY FROM ANOTHER FAMILY MEMBER NAME THEN HE CAN NOT AVAIL THE EXEMPTION ON SECTION 54.
Prity Agarwal
(CHARTERED ACCOUNTANT)
(363 Points)
Replied 25 March 2017
No, he cannot avail the exemption then.