Capital gain
This query is : Resolved
DEEPAK SHARMA
(Querist)
14 March 2014
i have 3 residential houses. i sell one of them. shall i exempted from long term capital gain if i purchased a new residential house. is there any limitation of no. of residential houses.
Amol S Joglekar
(Expert)
14 March 2014
There is no limit on number of houses owned for section 54. You can very well claim the exemption.
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