CHANGES IN CAPITAL GAIN SECTION 54 INTERIM BUDGET 2019

Existing provision :Long term capital gain arising on sale of residential house is exempt if the proceeds are reinvested in purchase / acquisition of another (one or single) residential house Proposed amendment:Limit of one residential house for the purpose of reinvestment increased to two houses, provided: Subject capital gain does not exceed Rs 2 crore Such option…

via CHANGES IN CAPITAL GAIN SECTION 54 INTERIM BUDGET 2019 — SIMPLE TAX INDIA