Exemption regarding section 54
This query is : Resolved
11 February 2016
Hello sir
i have a query related to section 54 of capital gains. as if i had a house propery & i sold it & then from the sale consideration i purchased 4 different residential flats in different locations .
then can i claim exemtion for all 4 houses u/s 54 ?
i have a query related to section 54 of capital gains. as if i had a house propery & i sold it & then from the sale consideration i purchased 4 different residential flats in different locations .
then can i claim exemtion for all 4 houses u/s 54 ?
11 February 2016
Exemption is allowed only for 'one residential house' w.e.f 1-4-2015 and onwards.
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