Hello,
Good day to all.
I have received an amount from Sale of a house which my Parents transferred to me as Gift Deed.
Now should I purchase only a new residential house property to claim Exemption under section 54.
Sir,
As far as I understand, & assume your Q's,
1) u have been gifted with house from parents.
2) u have sold house,
Now u want to claim various deductions as applicable under 54
please reff to my previous ans, in this forum. to understand sale procedure. indexation, & deductions
CAclubindia
