Can i claim exemption for long term capital gain using section 54 if I own more 1 residential property
I am looking to sale one of my residential property and save on the capital gains after indexation
ashish powar (1 Points)
01 January 2022Can i claim exemption for long term capital gain using section 54 if I own more 1 residential property
I am looking to sale one of my residential property and save on the capital gains after indexation
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170293 Points)
Replied 01 January 2022
Yes, for sec 54 of IT act, there is no restriction on number of properties held.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)