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
CA PARAS BAFNA
(Expert)
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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