Capital gains

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MAKARAND DAMLE (Querist)
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19 July 2014 If some individual sells two houses. Can he invest both proceeds in one residential house to claim exemption u/s 54 ?

Nikhil Kaushik (Expert)
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19 July 2014 yes you can do so...there is no restriction on such investment

Bhaskaran Chackrapani Warrier (Expert)
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20 July 2014 Yes, possible.

Citation:- DCIT Vs. Ranjit Vithaldas 137 ITD 267 (Mumbai-Tribunal).

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