Section 54 of the Income Tax Act
This query is : Resolved
28 July 2022
Dear Sir,
Can a person claim deduction U/S 54 on the sale of two seperate residential properties and also investing the entire sale proceeds in two different residential properties in a single assessment year?
Thanks for your respone
Can a person claim deduction U/S 54 on the sale of two seperate residential properties and also investing the entire sale proceeds in two different residential properties in a single assessment year?
Thanks for your respone
28 July 2022
Yes, such deduction is allowed.
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