if a person purchase two residential house property at two different places
Will he be able to claim exemption for both the houses against the capital gain of house property under section 54???????
Deepak Gupta
(CA Student)
(15922 Points)
Replied 06 August 2013
If the residential units are located at different places, the taxpayer is eligible for exemption only for the amount invested in one residential unit as they were not adjoining and could not be treated as one unit.
CAclubindia
