54 Section

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285 Points Joined July 2017
If a person already has 5 residential properties and he sells one of his properties and buys another Residential property, then he will get exemption under section 54.
Yes or Not

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On 06 December 2022 at 10:07 Report
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232 Points Joined May 2016
Yes. But the exemption is once in a life time, so if you avaul it before, you are not eligible to take the benefits u/s 54 again.
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On 06 December 2022 at 13:47
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285 Points Joined July 2017
Sir,
But the limit of residential property is not mentioned in Section 54
please share pdf
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On 06 December 2022 at 14:06


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