Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 August 2015
whether assesse can get exemption u/s 54 if he already owns more than 1 residential house property other than new purchased?
04 August 2015
For claiming exemption U/s 54, there is no condition as regards the number of houses held/owned by the assesee. He can claim exemption U/s 54 even if he holds more than one residential house. However for claiming exemption U/s 54F , the assessee should not own more than one residential house other than the new asset.
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