capital gain exemption

Share
Share This Thread
  1. CA Jayakumar M G

    CA Jayakumar M G New Member

    During the financila year I sold ancestral property worh Rs 25 lakhs and with this money purchased a residential property. I have owned one residential propery before the purchase of the new one . Whether I can cliam exemtion u/s 54F
     
  2. you can claim.


    provided that
    the income from such residential house, other than the one residential house owned on the date of transfer of the original asset, is chargeable under the head "Income from house Property"
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Capital Gain on Sale of Foreign Shares Income Tax Jul 22, 2018
AGRI LAND SALE – CAPITAL GAINS EXEMPTION Income Tax Jul 12, 2018
Release of Funds from Capital gains account Income Tax Jun 7, 2018
Capital gain on property Income Tax Mar 21, 2018
Capital Gain tax & income tax - joint development of land Income Tax Mar 18, 2018