Capital gains
This query is : Resolved
MAKARAND DAMLE
(Querist)
19 July 2014
If some individual sells two houses. Can he invest both proceeds in one residential house to claim exemption u/s 54 ?
Nikhil Kaushik
(Expert)
19 July 2014
yes you can do so...there is no restriction on such investment
20 July 2014
Yes, possible.
Citation:- DCIT Vs. Ranjit Vithaldas 137 ITD 267 (Mumbai-Tribunal).
Citation:- DCIT Vs. Ranjit Vithaldas 137 ITD 267 (Mumbai-Tribunal).
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