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long term capital gain
sir I have vacant residential land and planning to sold out , and I have 4 other residential land in India , can I avail exemption benefit under section 54 on purchasing another residential property ??
Replies (3)
I think you can avail exemption u/s 54F subject to the condition that you don't own more than one house at the time of transfer (except the house you are purchasing)
sir Is any limitations of holding more than 1 residential property u/s 54 not in 54 f
No. i don't think there are any conditions u/s 54 for holding more than one house property.
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