Exemption u/s 54

Hello,

I have sold 2 residential house property in india, the capital gain from the 1st property is 15,00,000 and the 2nd property is 10,00,000. I have purchased one House property worth of 75,00,000. Now my question is can I claim the HP purchased for 75L against these two capital gains u/s 54?

 

Replies (3)

The language of the Income-tax Act is not much clear on the topic and doesn't provide explicitly for this. It has been given under the section that the sales proceeds cannot be invested in more than one house. However, it has not been given that whether sales of more than one houses can be invested into one single house, to get the exemption under section 54.

However, there have been a few case laws in this regards wherein, the decision has been in favor of the assessee by the courts.

Yes. The limit of One residential property is on purchased one and not on the sold one.

Thank you for your reply, What if I sell 2 houses, do i get buy 2 different houses and claim exemption u/s 54 respectively for the houses that i had sold?

(I hope my question is clear, if not pls let me know ill ask by the way of an example)

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details