Exemption u/s 54
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 February 2012
Case-1 suppose I have 3 residential houses i sold 1 one of those and purchased a new one .will sec 54 apply or not ?
Case -2: if have only 2 residential houses in the above case then what is taxability treatment ?
pls explain the condition for claiming exemption u/s 54 in both the cases above
Case -2: if have only 2 residential houses in the above case then what is taxability treatment ?
pls explain the condition for claiming exemption u/s 54 in both the cases above
20 February 2012
Can avail section 54 in Case-1 and Case-2, since restriction on "number of holdings" is missing in the said section.
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