Any Long term asset ( other than a residential house property ) provided on the date of transfer the taxpayer does not own more than one residential house property from the assesment year 2001-02 (except the new house )
Menu
Please clarify
Replies (1)
It means on date of transfer ie sale of residential house assessee should not own any other long term asset excpet this residential house whic is sold and the new house property.
Hope ur doubt is cleared.
Recent Topic
- Can i should STCG and LTCG as business income ?
- Capital contribution in Firm
- Form 3CD – Clause 20(b) | ESI Contribution &
- Capital Gains on Dissolution of Partnership
- GST Payment through DRC-03 by cash against notice
- Schedule EI for ITR1
- INCOME TAX DEPARTMENT: DOUBLE STANDARDS
- ITR-4,under presumptive Taxation
- TDS data mismatch with SFT
- Resale of under construction Residential Flat part
Related Topics
CAclubindia
