Section 54 of the Income Tax Act
This query is : Open
25 November 2020
An NRI assessee have 3 residential property in India. During the F.Y. 2020-21 he wants to sell one residential property and claim exemption u/s. 54 by way of Investing in new residential property. Can he claim Exemption?
Whether having two other residential property restricts eligibility of NRI Assessee to avail exemption u/s. 54 of the Act?
Whether having two other residential property restricts eligibility of NRI Assessee to avail exemption u/s. 54 of the Act?
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