Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 September 2011
whether after sale of one residential property, a person can purchase 2 or more residential properties and claim exemption u/s 54, if other conditions are satisfied.
Dintakurthi Tirumala
(Expert)
09 September 2011
No; please go through the section for detail clarifications and conditions to avail sec 54 benefits.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
Tareq Imam
(Expert)
09 September 2011
you cannot buy two or more houses but there is a case law favouring the assessee when two adjoining flats were purchased and common kitchen was shown.
10 September 2011
Experts are correct and I agree with them
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