case 1
A has more than one house properties and he sales one of them .
can he get exemption u/s 54 ?
case 2
A has more than one house properties and a commercial property .
can he get capital gain exemption ?
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Sec. 54 & 54 F
Replies (2)
Quick Summary
In case 1 - Sec 54 contains no provision that the assessee should not hold more than one house for claiming exemption.
In case 2 however have condition, that assessee should not own more than one residential house.
In case 2 however have condition, that assessee should not own more than one residential house.
Thanks @ CA ABHISHEK PAL
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