Exemption u/s 54
This query is : Resolved
Navpreetkaurlitt
(Querist)
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
Amol S Joglekar
(Expert)
10 June 2016
yes, he can claim. For 54, there is no any bar on number of houses owned.
ABHIMANYU JHAMBA
(Expert)
10 June 2016
Can claim u/s 54 but not under section 54F
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