Captain gain on Sale of two house property to purchase one
This query is : Resolved
Puneet Jain
(Querist)
17 February 2020
Suppose I sold two house properties on which there is a long term capital gain of Rs 200000 and Rs 300000. In the same year , I purchase one house property for Rs 800000 , can I claim exemption u/s 54 for both the capital gains or am I allowed to claim exemption for only one house and pay tax on the other?
CA R SEETHARAMAN
(Expert)
17 February 2020
You can I claim exemption u/s 54 for both the capital gains
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