Section 54

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 July 2018 I am owner of 2 residential houses and 1 plot. I have sale 1 house on 25/3/18. And arise capital gain rs10lac, I have purchased another residential plot on 20/4/18 rs 15lac.
Can I claim exemption under sec.54
Please reply

29 July 2018 No, section 54 exemption available only for buying/ construction of house.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 July 2018 If I purchase residential house than sec 54 exemption use ..??
Already owned 2 houses.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 July 2018 Or. If I construct house. this plot withing 1 year than I can claim exemption sec 54..??

29 July 2018 Either purchase a house or contruct house in plot purchased as proposed 54 exemption available.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news


Answer Query



Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details