Exemption under Section 54-capital gain

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..... If a person has multiple houses (eg: four) and sells one of them and reinvests in another house, can he claim relief under sec 54 of the Income tax Act ? Is there any condition that he should no .....

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..... t hold more than one house (like in sec 54F )? - Reply By Ashwani Garg - The Reply = Yes, the exemption under section 54 would be available on purchase of ONE residential house. In case, more than .....

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..... one residential house are purchased, the one having the highest price could be considered for the purpose of the above section. - Reply By Ashwani Garg - The Reply = The conditions laid down in se .....

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..... ction 54F regarding ownership of multiple houses is different and should not be mixed with section 54 . - Exemption under Section 54-capital gain - Query Started By: - VENKAT S Dated:- 21-3-2019 .....

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..... Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementind .....

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..... ia.com - TMI - TaxTMI - TMITax .....

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