Sec 54 benefit for LTCG
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 July 2011
Is investment in multiple residential properties allowed for benefit under sec 54? Or is it restricted to one property only like 54F? Kindly advise.
CA PARAS BAFNA
(Expert)
21 July 2011
To avoid litigation in spite of investing in multiple residential properties, it is better to invest in one residential property which can later be converted in multiple residential units.
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