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Capital gain

S. Jamali (Director Roshan Akauntax Limited) (70 Points)

19 December 2012

if an assessee is having more than one residential house / agriculture property ca he claim exemption u/s 54 / 54B if he sold one property and buy another one

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Sonali (Partner) (43 Points)
Replied 21 December 2012

Originally posted by : Roshan Akauntax Pvt. Ltd.
	if an assessee is having more than one residential house / agriculture property ca he claim exemption u/s 54 / 54B if he sold one property and buy another one

yes, assesse can avail the exemption under sec 54 or 54B if an assessee having more than one residential house / agriculture property . Sec 54 B is applicable only to the individuals and not to othe assessee.