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Capital gains

This query is : Resolved 
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(Querist)
11 December 2013 An individual has sold two residential property in april 2013

so i want to know will the exemption u/s 54 will be allowed if he purchases only 1 property of the amount eual to LTCG

PLz reply asap
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
11 December 2013 Yes exemption U/s 54 can be availed by purchasing a single house.
.
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hardik parasia

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hardik parasia (Querist)
11 December 2013 ok
thanks a lot
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