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Capital gains exemption

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(Querist)
15 July 2013 Can an individual claim benefit of sec. 54 on purchase of 2-residential house property at different locations out of capital gains from sale of 1- house
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Anil Sankar V

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Anil Sankar V (Expert)
15 July 2013 not possible.
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Rachit

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Rachit (Querist)
15 July 2013 Other views solicited
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Anil Sankar V

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Anil Sankar V (Expert)
15 July 2013 exemption to the extent -for 1st house will be available for the purpose of capital gain computation,
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Rachit

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Rachit (Querist)
15 July 2013 https://taxguru.in/income-tax/deduction-5454f-dallowable-purchase-multiple-independent-house-units.html
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Anil Sankar V

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Anil Sankar V (Expert)
15 July 2013 if it is passed, any state AP high court...it will restricted to that state. if it is passed in Supreme court then willbe allowed pan india.
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