Ltcg
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 January 2013
Is long term capital gains exemption restricted only to two house properties?i.e If i sold a third house property then is the long term capital gains exemption available on proper investment under section 54
23 January 2013
No sir, there is no such restriction U/s 54.
.
In case of house against house, you can claim as many times as you wish, the condition required is-
"The Residential House Property being sold, should be held by you for more than 3 years.
.
.
In case of house against house, you can claim as many times as you wish, the condition required is-
"The Residential House Property being sold, should be held by you for more than 3 years.
.
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