Capital Gains Exemption u/s 54 if I own 2 houses

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  1. jainpatti

    jainpatti New Member

    Dear Sir,
    I have got two houses. If I sell one property and invest long term capital gains in another house can I claim exemption under section 54.
    Is there a condition that exemption under section 54 cannot be claimed if one owes more than one house?
  2. Sumit Agarwal

    Sumit Agarwal Active Member

    No such condition is there in sec 54 so you can claim the exemption.
  3. Manoj Mehra

    Manoj Mehra Active Member

    There is no limit on the no. of houses owned by a person to claim deduction under section 54
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