CAPITAL GAINS, Income Tax

[DEEPAK CHHABRA]

 On sale of residential house property( held as long term capital asset),can an assesee claim exemption-

1. u/s 54 for some part of the capital gain by investing in another residence.

2. u/s 54 EC for some part of capital gain by investing in specified bonds.

Posts / Replies

[sanjeev bajaj]

Dear Deepak Chhabra

There is no bar to claim benefit of investing capital gain u/s 54 and u/s 54EC against sle of residential house property.

Regards

Sanjeev bajaj