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Sec 54

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12 December 2013 Assessee retained more than one house for the purpose of his own or parents’- Whether capital gains arising on transfer of each of such houses should qualify for exemption.(WITH CASE LAW)


thanks in advance
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CA Kedar Sakhardande

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CA Kedar Sakhardande (Expert)
12 December 2013 Yes both the houses qualify for the exemption provided Long Term capital Asset

It is a provision of section 54 which do not restric exemption restricted to 1 house so I dont think any case law is needed? really?
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