54f
hemant bahri
(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
B.Chakrapani Warrier
(Expert) 11 November 2010
Yes possible.
Citation :- Mrs. Prema P Shah vs ITO 282 ITR (AT)211 [2006] Mum-Tri.