Capital gain tax exemption if invest in residential property
Exemption of Capital gains – in case of investment in residential house Section 54F of the Income-tax Act, 1961 – Exemption of Capital gains – in case of investment in residential house [2015]56 taxman .com 163-HIGH COURT OF KARNATAKA-Commissioner of Income-tax, Bangalore v. K Ramachandra Rao FACTS: The assessee sold certain land to a trust for consideration …