Can a person claim capital gain exemption under section 54 for more than once in lifetime,apart from the provision which states one can claim exemption only once in life time In case of reinvestment in 2 houses when capital gain is below 2 crores.
for example:
what If a person has sold one property and reinvested in another in AY 18-19.
Can he sell another property and claim exemption again under sec 54 in other assessment years eg AY 20-21.
or is it life time once availment?
CAclubindia
