banner_ad

Capital gain

Tax queries 399 views 4 replies

Dear All,

 

I require a small clarrification regarding Capital gain section 54 series. Can Assessee be a owner for more than one house property at the time of tranfer of capital Asset.

Please let me know respective provisions for which it deals with.

Replies (4)

In section 54 there is no condition unlike section 54F that the assessee should not be an owner of more than one residential house property at the time of transfer of original asset.

Agreed with the above

Thank you for your response,

 

Is amendment in Sec 54 (Finance Bill) additionally impose any condition, stating Assessee shall have to own only one house property

The amendment w.e.f. AY 2015-16 is to the effect that the assessee will get exemption in respect of only one residential house.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details