Residential Long term capital gains used in purchasing two residential flats in different locations during Financial year 2012/13

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..... Are there any Case Laws on the Subjects? Are we eligible for deduction of costs of two properties from Long Term Capital Gains. u/s 54 of the Income Tax Act 1961 ? - Reply By CA Surender Gupta .....

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..... - The Reply = The provisions of Section 54 as stood today allows exemption only for one residential house in India . However, prior to Assessment year 2015-16, the exemption was available for a .....

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..... residential house . There are various case laws where exemption was allowed treating two joint property as single property and so on. Therefore, a detailed analysis of the factual position would he .....

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..... lp you to solve this issue. - Residential Long term capital gains used in purchasing two residential flats in different locations during Financial year 2012/13 - Query Started By: - Navin Thakkar D .....

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..... ated:- 21-10-2015 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - .....

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..... taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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