Sir/Madam
Is Capital Gain arising on sale of a residential property in the name of an individual utilised to purchase a new joint residential property in the name of self and spouse eligible for deduction u/s 54?
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Taxation of capital gains on sale of residential property
Replies (3)
who is the first holder if seller then yes
He can take help of judgments of Delhi High Court in the case of CIT Vs Ravinder Kumar Arora and CIT Vs Kamal Wahal.
Thank you.
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