If a person already has 5 residential properties and he sells one of his properties and buys another Residential property, then he will get exemption under section 54.
Yes or Not
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54 Section
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Quick Summary
Yes. But the exemption is once in a life time, so if you avaul it before, you are not eligible to take the benefits u/s 54 again.
Sir,
But the limit of residential property is not mentioned in Section 54
please share pdf
But the limit of residential property is not mentioned in Section 54
please share pdf
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