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SECTION 54

This query is : Resolved 
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(Querist)
30 December 2010 AN ASSESSE CAN BUY MORE THAN 1 RES. HOUSE FOR CLAIMING EXEMPTION OF LTCG.


SALE - 1000000
PURCHASE - 100000
GAIN - 900000

PURCHASE 3 NEW HOUSE

1. 200000
2. 500000
3. 200000

CAN HE GET EXEMPTION OF 900000 ?

& CASE LAW OF P C RAMAKRISHNA [2007] IS ALSO ABOUT THIS OR NOT ?
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
30 December 2010 Yes can purchase more than one house.
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hardik talesara

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hardik talesara (Querist)
31 December 2010 thanx
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