Exemption under section 54

1134 views 3 replies

Is there any restriction on the no. of houses owned by the assesse to claim exemption under section 54.   For example

Ram has 3 houses which are chargeable under income from house property.He sold one house and purchased other with the proceeds of the same. Can he claim exemption under Section 54.

Replies (3)
No there is no restricition

There is no restriction U/s54 like 54F , He can claim the Exemption under section 54.  

Thank u


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Threads
Loading