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SEC-54 EXEMPTION
If any residential house property in other country is sold, *can the exemption of sec-54 eligible if new house property is purchased in india??*
Replies (2)
Yes, sec 54 applies in respect of long term capital gains from transfer of Resd.HP situated outside india. We can interpret this apparently by reading provisions of sec54.
Whether the assessee who sold house property abroad is Resident or Non Resident under Income Tax Act ?
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