Easy Office
LCI Learning

capital gain sec 54

This query is : Resolved 

30 April 2010 Whether for claiming exemption u/s 54 , an assessee can purchase two or more residential houses.

30 April 2010 no, it should be one only

30 April 2010 When more than one house is purchased - In case the assessee has purchased more than one house/flat within the period prescribed in section 54, it is for the assessee to claim relief against the purchase of any one of the house/flat provided the other conditions mentioned in the section are satisfied - K.C. Kaushik v. P.B. Rane, ITO [1990] 84 CTR (Bom.) 62.





You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query