banner_ad

capital Gain Sec. 54

This query is : Resolved 
Profile Image

Profile Image

(Querist)
08 May 2011 Hello Everybody
Can investment U/s 54 can be made in two house properties to get the exemption under this section?
Pls Reply
Profile Image

CA. Krishna K Neeraj

Profile Image

CA. Krishna K Neeraj (Expert)
09 May 2011 Exemption U/s 54 is available if investment is made in a residential house
Profile Image

CA Rohit Tiwari

Profile Image

CA Rohit Tiwari (Querist)
11 May 2011 Sir can two residential houses can be purchased from the amount of Capital Gain to get the exemption U/s 54.
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
15 May 2011 If more than one house is purchased,Can claim deduction in respect of one house only provided other conditions in section 54 is satisfied.
Citation:- K.C.KAUSHIK Vs. ITO (1990) 185 ITR 499(MUM).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details