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Section 54

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 November 2013 is it important that to avail the exemption of section 54, the assessee should own no other residential property other than that sold??
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CA JATIN TALREJA

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CA JATIN TALREJA (Expert)
21 November 2013 No there is no such condition to avail the exemption u/s 54
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
21 November 2013 agreed with Jatin bhai. Such condition is not applicable for Section 54. However, under 54F such condition will apply.
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