Section 54 of capital gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 May 2013 Assessee has held 3 residential House Property(HP), Assessee had sold 1 HP & Purchased another HP within 6 months.

Is Assessee gets benefit of Sec 54??????

I heared that Assessee gets benefit in sec 54 only if assessee has 2 HP.

Is it Correct????

Guest

Guest (Expert)

15 May 2013 The assesse will get the benefit of SEction 54.

There is nothing in the section which prohbitate an assesse for having more than 1 house.

Moreover there is also an judgement on it.
As soon as i get , i will share it.

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