capital gain on sale of rented house

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  1. jagjit saluja

    jagjit saluja New Member

    I have 3 residential houses.I sold 2 of them. can I invest the capital gain in a new house and save the C.G.
     
  2. Parul_Gupta

    Parul_Gupta Active Member

    Dear Sir

    If you reinvest this amount in a Residential Property, you can claim exemption under Section 54.

    However, please note that the Budget has introduced an Amendment and has per the amended law, as you have sold 2 Houses - you can claim exemption by investing in max 2 residential houses and not more than that.
     
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