Investment in Two Residential Houses

This query is : Resolved

(Querist)
Follow

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?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok