1. A owned house property 1 and 2, both for more than 3 years.
2. A sold property 1 and acquired House property 3 and claimed CG exemption U/S 54 fullfilling all conditions .
While the admitted refund is pending due to wrong credit of TDS ( due to CPC technical issue) is being restored,
3. Can A sell house property 2 and also seek exemption subject to U/S 54 conditions ?
4. Can Exemption U/S 54 be claimed on the sale of House property 3 after year 3 year holding ?
5. House property 1 was acquired by settlement while house property 2 was aquired by purchase, has it any relevance ?
6. Does "ONE HOUSE PROPERTY" means one can claim exemption U/S 54 only once in life time for ONE HOUSE PROPERTY
Some clarity soon on this status will be helpful
Thanks
CAclubindia
