Exemption availability on transfer of house property - Section 54

Any long term capital gain arises to an individual or HUF from transfer of residential house property (income from which is chargeable under the head income from house property) shall be exempt to the extent of such capital gain as invested in the purchase or construction of another residential house property. Such new residential house property should have been purchased … [Read more...] about Section 54- Exemption of Capital gain tax on transfer of house property