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
Thanks
Menu
54 Section
Replies (2)
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
Recent Topics :
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
Related Topics :
CAclubindia
