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Long Term Capital Gains u/s 54F

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04 February 2009 If an assessee has earned a long term capital gain and is not having any house property on the date of sale of original asset from which the assessee earned long term capital gain. But to save long term capital gains the assessee has invested in two separate residential houses on the same date....Will he be eligible for claiming exemption u/s 54F i.e. can the assessee claim benefits of investment in both the house properties or will he be disallowed exemption u/s 54F?????
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
04 February 2009 Claim exemption u/s 54F for only one house.
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