sec 54 exemption
This query is : Open
14 March 2018
I sold one long term capital asset (residential house property)
and now purchased 2 residential house properties in different places
can I claim exemption for both house properties?
14 March 2018
no you cannot as the amendment to section 54 has limited to the scope of exemption to purchase of "one residential house"
14 March 2018
thank you sir
14 March 2018
you are most welcome.
15 March 2018
This amendment is came from AY 2015-16 that to claim for one residential house property
Situation is the Assessee is sold residential house property in 2012-13 and purchased one residential house property and also constructed another residential house property in different places.Can Assessee can claim exemption for both residential house property?
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