Vinay Jaindani (184 Points)
29 August 2018Dear 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
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166722 Points)
Replied 29 August 2018
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......
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