hi everybodY,
An NRI has sold house property in india.now he wants to invest the sale consideration to purchase anew house property in USA.Will he be eligible for the exemption u/s 54 of capital gains for the amount invested in america.
thanks
hi everybodY,
An NRI has sold house property in india.now he wants to invest the sale consideration to purchase anew house property in USA.Will he be eligible for the exemption u/s 54 of capital gains for the amount invested in america.
thanks
yes U can claim exemption under sec 54 as it doesn't specify the place where u can invest for residential property.However it should be kept in mind that house purchased earlier should be held for a 3 years
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