If Mr. A Sells Two Different House Property say one located at Mumbai in FY16-17 & One at New Delhi in FY17-18 & Purchases One Big HP by investing Capital Gain of Both the houses in one new HP located at Chennai within the Precribed Time Limit.
Is Mr.A allowed Deduction under Section 54??
Thanks
Yes, you need to add on cost of acquistion of both the house for calculation
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