Long term capital gains

Tax queries 129 views 2 replies

Dear Sir,

My client has two residential houses he sells one of his house in june 2018 and purchase other house in august 2018 is he  eligable for exemption under section 54 kindly note that on August 2018 he is already having one residential property....please advice

Replies (2)

Yes, he can avail exemption u/s. 54 of the act.....

There is no restriction of no. of house properties in this section 54, as like u/s. 54F of the act......

Yes he can avail exemption u/s 54


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