TaxTMI 
TaxTMI 
Sale of residential house - benefit u/s 54 or 54F where one is the owner of second house also
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....ale of residential house - benefit u/s 54 or 54F where one is the owner of second house also<br> Query (Issue) Started By: - Kishor Vishnu Dated:- 16-4-2010 Last Reply Date:- 17-4-2010 Income Tax<br>G....
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....ot 2 Replies<br>Income Tax<br>A person has two residential houses. In one house he is residing while the other house is vacate and there on any kind of income of rent from the same. Now he wants to se....
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....ll the house which is vacate. Can he avail the benefit of section 54 or section 54F against the capital gain which will arise after selling the house. Reply By Surender Gupta: The Reply: Yes, he can ....
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....claim the exemption under section 54. Reply By VINOD KUMAR SHARMA: The Reply: You can claim the benefit under sec 54 which deals with capital gain arising on transfer of house property . Sec 54 F is a....
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....pplicable in case of capital gain arising on transfer on capital assets other than house property.<br> Discussion Forum - Knowledge Sharing ....