54 section exemption
This query is : Resolved
02 April 2014
an assessee owns 1 self occupied house and three flats...he wishes to sell one flat and invest in other residential property...can he claim benefits of section 54..even if he holds more than 2 house
02 April 2014
Yes he can do so. There is no restriction no of flats under section 54
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03 May 2014
the three flats are not self occupied they r let out.can still 54 exemption be claimed
03 May 2014
as I said before, there is no restriction on the same. you can claim
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