Exemption u/s 54
This query is : Resolved
10 June 2016
If an assessee possess two house and one commercial building at the time transfer of one house .can he claim exemption under 54 and 54 F by buying new house
10 June 2016
yes, he can claim. For 54, there is no any bar on number of houses owned.
10 June 2016
Can claim u/s 54 but not under section 54F
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