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
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......
O P Bagla & Co LLP
New Delhi
CA Inter
View Details
CAclubindia
