Easy Office
Easy Office

sec 54 exemption


14 March 2018 I sold one long term capital asset (residential house property) and now purchased 2 residential house properties in different places can I claim exemption for both house properties?

14 March 2018 no you cannot as the amendment to section 54 has limited to the scope of exemption to purchase of "one residential house"

14 March 2018 thank you sir


14 March 2018 you are most welcome.

15 March 2018 This amendment is came from AY 2015-16 that to claim for one residential house property Situation is the Assessee is sold residential house property in 2012-13 and purchased one residential house property and also constructed another residential house property in different places.Can Assessee can claim exemption for both residential house property?



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries