EASYOFFICE
EASYOFFICE
EASYOFFICE

Sell two houses for one house and still get exemption

This query is : Resolved 

06 February 2019 The Assessee has sold two houses in an AY and bought one house with the money received. Will he get exemption from capital gain from both the houses

07 February 2019 Assuming both the houses are "residential houses"...... yes, the assessee can claim the exemption from both the houses

08 February 2019 Hi, thank you so much for your prompt response. Could you please provide with relevant Section/Rule in the Income Tax Act or relevant Judgement of a court case clarifying the same ?


08 February 2019 section 54 of income tax act.



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