Exemption of profit on sale of property used for residence-Section 54 Eligible Assessee: Individual or HUF Nature of Capital Asset transferred: Long-term residential building or lands appurtenant thereto (residential house), income from which is chargeable u/h Income from House Property. Re-investment Conditions/New Asset: The assessee has within a period of one year before or two years after the date on …
Capital gain exemption on sale of property used for residence-Section 54
