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Section 54 of the Income Tax Act

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(Querist)
28 July 2022 Dear Sir,

Can a person claim deduction U/S 54 on the sale of two seperate residential properties and also investing the entire sale proceeds in two different residential properties in a single assessment year?

Thanks for your respone
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 July 2022 Yes, such deduction is allowed.

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