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Capital gain

one of my client have 2 land in municipality area one land is agricultural land and second is residential land. assessee has sold out the one land and he wants to construct business godown on second land. can he avail the benifit of sections 54


SALEEM ANSARI

SALEEM ANSARI

CA Final

2K+

03-Jan-21 17:17

22

Answers (1)

Section 54 covers residential house property. Only land is not residential house property.


Suraj Lakhotia

Suraj Lakhotia

Admin

04-Jan-21 15:37

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