The Basic Principles Of 54 cash
The Basic Principles Of 54 cash
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In case the assessee buys or constructs a different home within the prescribed closing date right after marketing the aged household property, that's an extended-expression cash asset, she or he can declare an exemption under Section fifty four.
Enable’s think about two scenarios in the event the new residence is offered in 3 several years from your date of order or development:
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Co-signer – A person who willfully symptoms a mortgage agreement Together with the borrower and partly assumes responsibility of repayment of a financial loan.
What are the provisions relating to the transfer of house following boasting benefit underneath Portion 54?
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