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Sec 54 exemption

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Narayanan (Querist)
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29 June 2010 u/s 54 whether the exemption for purchase of house property is restricted only one house?

Sunil Kr. Sanganeria

Sunil Kr. Sanganeria (Expert)
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29 June 2010 Exemption is not restricted to purchase of one House.A person may purchase two house or one can purchase a house and construct a floor on the house purchased or one may sell two house and may purchase one house property for availing exemption

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taxindiaconnect

taxindiaconnect (Expert)
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29 June 2010 Agreed

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CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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29 June 2010 Agreed

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