can we claim LTCG on sale of 2 house properties to buy one property under section 54.
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Quick Summary
This discussion explores the possibility of claiming Long Term Capital Gains (LTCG) tax relief when selling two house properties to purchase a single new property under Section 54 of the Income Tax Act. The core question revolves around whether the capital gain from one property can be used to offset the tax liability on the other when reinvesting in a new home.
Mr Jagdish Chhugani mind your language what do you think who the f**k you are. If you don't want to answer shut your mouth and do your business you bl**dy asshole.