Applicability of Exemption u/s 54

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..... 'A' sold house in India and purchase a new house within stipulated period in Canada, whether he is legible for exemption u/s 54 . of the Income Tax Act, 1961 - Reply By Dinesh Gupta - The Reply = .....

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..... There is no restriction in section 54 of the Income Tax Act, which restrict the investment of capital gain within stipulated period in a house property situated out of India. Therefore you can buy a h .....

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..... ouse in Canada and claim the exemption. - Reply By sunil gupta - The Reply = Dear friend you can refer to 282 ITR (AT)211 , Mumbai - wHERE IT HAS BEEN HELD SEC.54 DOES NOT PROHIBIT PURCHASE OF PROP. .....

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..... IN A FOREIGN COUNTRY. - Applicability of Exemption u/s 54 - Query Started By: - DINESH MITTAL Dated:- 14-12-2009 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply .....

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..... post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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