Residental Property Sec 54

A person has 6 residential properties and he sells one of them and buys another residential property with the capital gain from that property. That he can take the benefit of this capital gain under sec 54.

Thanks
Replies (2)
Quick Summary
Section 54 of the Income Tax Act allows individuals to claim capital gains tax relief when selling a residential property. If you reinvest the capital gain from selling one home into purchasing another residential property, you can benefit from this exemption. There are no limitations on the number of properties you can buy to qualify for this relief.

Sec 54 provisions are applicable.
No Limitations of Buy Property

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details