Sec 54

This query is : Resolved

MAHESHWAR (Querist)
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12 December 2013 Assessee retained more than one house for the purpose of his own or parents’- Whether capital gains arising on transfer of each of such houses should qualify for exemption.(WITH CASE LAW)

thanks in advance

CA Kedar Sakhardande

CA Kedar Sakhardande (Expert)
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12 December 2013 Yes both the houses qualify for the exemption provided Long Term capital Asset

It is a provision of section 54 which do not restric exemption restricted to 1 house so I dont think any case law is needed? really?

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