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sec 54

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112 Points Posted on 02 March 2019
An assessee has 2 flats(long term capital asset) which he wants to sold, and purchase new one flat within 1 year...is benefit u/s 54 available for both flats...??
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On 02 March 2019 at 22:35 Report
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SEO Sai Gr. Hosp.
211715 Points Posted on 03 March 2019

Yes, when the capital gains of both the flats reinvested in a residential property, within stipulated time period.

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On 03 March 2019 at 09:36
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Team Lead
7558 Points Posted on 03 March 2019
you can also invest maximum 50lacs in capital gains bonds of NHAI or REC if balance any remaining after investing in residential house property
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On 03 March 2019 at 10:04
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CA FINAL ASPIRANT
3115 Points Posted on 03 March 2019
agreed with dhirajlal sir
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On 03 March 2019 at 10:33
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Student
7053 Points Posted on 03 March 2019
Section 54 of the Income Tax Act provides the seller of a residential property with relief from capital gains tax, if the proceeds from the sale are used to acquire another residential property.
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On 03 March 2019 at 10:58


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