capital Gain Sec. 54
This query is : Resolved
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
Can investment U/s 54 can be made in two house properties to get the exemption under this section?
Pls Reply
09 May 2011
Exemption U/s 54 is available if investment is made in a residential house
11 May 2011
Sir can two residential houses can be purchased from the amount of Capital Gain to get the exemption U/s 54.
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).
Citation:- K.C.KAUSHIK Vs. ITO (1990) 185 ITR 499(MUM).
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