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Exemption in capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 February 2012 Hello,

M Bit Confused and not able to find the appropriate answer..... so requesting u all for help me regarding this question:
Q. there are three cases:
1. If assessee sale his 1 residential house and purchase 2 Residential house then wt are the exemption there?

2. If assessee sale his 2 residential house and purchase 1 Residential house then wt are the exemption there?

3. If assessee sale his 2 residential house and purchase 2 Residential house then wt are the exemption there?

PLease tell and also tell that wt conditions are required there?
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anurag

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anurag (Expert)
25 February 2012 In all cases exemption will be available under sec 54 , no specific condition for these cases.
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Querist : Anonymous

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Querist : Anonymous (Querist)
28 February 2012 so while we purchase two or more house.... there is exemption of only 1 house of assessee choice...
m i right?
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