Capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 September 2011 whether after sale of one residential property, a person can purchase 2 or more residential properties and claim exemption u/s 54, if other conditions are satisfied.

09 September 2011 No; please go through the section for detail clarifications and conditions to avail sec 54 benefits.
OM SAI SRI SAI JAI JAI SAI

09 September 2011 you cannot buy two or more houses but there is a case law favouring the assessee when two adjoining flats were purchased and common kitchen was shown.


10 September 2011 Experts are correct and I agree with them



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