Section 54 of ltcg
ChandanLawyersclub
(Querist) 28 January 2015
This query is : Resolved
I am selling a house capital gain is 60L I am buying another house of Rs 50 L. 10 L Tax saving bond buying I have planned. Is it possible to invest both in House + Tax saving bond from single house's long term capital gain.
Regards
Chandra
B.Chakrapani Warrier
(Expert) 29 January 2015
Yes, section 54 and section 54 EC can claim simultaneously.
T. Kalaiselvan, Advocate
(Expert) 31 January 2015
You may consult an auditor or a tax consultant for a proper opinion on the subject issue.