Capital gains exemption requires reinvestment in a residential house property located in India to qualify under section 54. Exemption under section 54 is available only where the capital gain is reinvested in the purchase or construction of a residential house property, and the new house property must be situated in India for the exemption to be claimed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Capital gains exemption requires reinvestment in a residential house property located in India to qualify under section 54.
Exemption under section 54 is available only where the capital gain is reinvested in the purchase or construction of a residential house property, and the new house property must be situated in India for the exemption to be claimed.
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