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Capital gains

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(Querist)
27 December 2019 Hi
Suppose if assesse is holding two residential houses and if sells one house, is it exempted under capital gains exemption scheme?
i got this doubt because assesse is already holding one house on his own name and if he invests the proceeds from sale of second house and invests as per capital gains exemption sections will it be exempted?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 December 2019 Yes it will be exempted under section 54
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