Buying two flats and joining them? ITAT ruling clarifies when you can claim capital gains tax exemption(Soban News)

The ITAT has ruled that two adjoining flats may qualify as one residential house for Section 54F capital gains tax exemption if they are physically connected and used as a single home. The benefit remains subject to verification by the Income Tax Department.

​The ITAT has ruled that two adjoining flats may qualify as one residential house for Section 54F capital gains tax exemption if they are physically connected and used as a single home. The benefit remains subject to verification by the Income Tax Department. by Soban News (international And National News)