Is there a limit on the number of times we use the capital gains exemption under section 54?

Gopi (Engineer) (123 Points)

21 July 2022  

If I have already availed of section 54 for the capital gains from selling a residential property, can I claim
capital gains under section 54 for a second time, if I invest in another residential property (construction of house)?


The scenario is as follows:

I purchased a property (a residential plot) to defer capital gains arising from the sale of a residential property (a plot).

If I sell the newly acquired property and use the full amount towards construction of a house (on another plot, that I already own). can I claim capital gains section under section 54, a second time?