05 May 2011
Dear sirs, assessee tranfers residential house and purchase another residential house within 6 months. But he has two other residential houses at the time of transfer & purchase of new one . Can he claim exemption u/s 54. please help me
05 May 2011
There is no such restriction to claim exemtion u/s 54. capital gain must be invested to accquire the Resdential property within prescrebed period.
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