Sec 54
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 July 2013
hai i need a clarification on sec 54 regarding.we are having 3 residential house properties and sold one of them and invested these proceedings in construction of another house property,can we claim exemption under sec 54.what if the new construction is a agricultural form house.
12 July 2013
yes, it is claimable in the above scenario even in case of farm house.
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 July 2013
Sir is there any limt on no.of residential house properties (like only one)to be held in the name of the assessee.as it becomes in total 4 residential properties if we bought a new house with the sale proceeds.
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