Dear friends,
One residential house means what in capital gain exemption .?
Menu
one residential house in capital exemption
Replies (3)
residential property as defined in income from house property
One means already you have or new one
Sec 54
How many house you own its doesn't matter even if you sold multiple house and also invested in multiple house still capital gain exemption available for one house only (means new one) CG arise from rest house are taxable
As per amendment FA[2014]
Where sec 54F
Available if you sold any LTC asset and invested in residential house (sub to assessee should not hold more than one house at the date of transfer) means we can say that its available upto total two house
How many house you own its doesn't matter even if you sold multiple house and also invested in multiple house still capital gain exemption available for one house only (means new one) CG arise from rest house are taxable
As per amendment FA[2014]
Where sec 54F
Available if you sold any LTC asset and invested in residential house (sub to assessee should not hold more than one house at the date of transfer) means we can say that its available upto total two house
Recent Threads
- Section 44AB is Gone — How Different is Tax
- Capital Gains from Cancelled Residential Project
- Import of goods data in IMS
- GSTr 9 24-25
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
- Company strike off with loan waiver accounting iss
- Board resolution for authorization for GST
- Invoice related audit
- Gst input credit related
Related Threads
CAclubindia
