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54f

(Querist) 10 November 2010 This query is : Resolved 
i want to know abour that a n.r.i. sold a residential house in india and another residential house waants to purchase in outside in india , and the indian govt. has trety with that country, can n.r.i. avail exemption u/s 54

please expain , and also if any decision made will be more help for us
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B.Chakrapani Warrier (Expert) 11 November 2010
Yes possible.
Citation :- Mrs. Prema P Shah vs ITO 282 ITR (AT)211 [2006] Mum-Tri.
Raj Kumar Makkad (Expert) 11 November 2010
I agree

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