Investment in Two Residential Houses
This query is : Resolved
Suresh S. Tejwani
(Querist)
13 January 2026
An assessee does not own any residential house property on the date of transfer of a long-term capital asset (other than a residential house). The assessee proposes to purchase two residential house properties out of the capital gains.
In such a case, can the assessee claim exemption under Section 54F in respect of both the houses, or is the exemption restricted to investment in only one residential house?
Further, does the one-time option of investing in two houses (capital gains up to ₹2 crore) apply to Section 54F as well, or is it restricted only to Section 54?
In such a case, can the assessee claim exemption under Section 54F in respect of both the houses, or is the exemption restricted to investment in only one residential house?
Further, does the one-time option of investing in two houses (capital gains up to ₹2 crore) apply to Section 54F as well, or is it restricted only to Section 54?
Dhirajlal Rambhia
(Expert)
13 January 2026
Even though the provision is applicable only to sec. 54 IT act; but any adjacent flats/HP are considered as a single residential HP for the sec. 54/54F IT act.
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