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Exemption u/s 54

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(Querist)
10 June 2016 If an assessee possess two house and one commercial building at the time transfer of one house .can he claim exemption under 54 and 54 F by buying new house
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Amol S Joglekar

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Amol S Joglekar (Expert)
10 June 2016 yes, he can claim. For 54, there is no any bar on number of houses owned.
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ABHIMANYU JHAMBA

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ABHIMANYU JHAMBA (Expert)
10 June 2016 Can claim u/s 54 but not under section 54F
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