Hi , Firstly I would like to appreciate all your advice and thanks for enlightening 1000's of novice like me. I have purchased a residential flat in 2009 for 18 lakhs rupees (addition 2 lakhs for stamp duty and registration). I am planning to sell this property in order to purchase a new property. Current market price for the property is 45 lakhs rupees. Whole proceed of the sale (i.e 45 lakhs) I will be immediately investing in the new property which is around 70 lakhs. In addition to the above property I have also transferred my parental property on my name in 2012. So now i have 2 property registered under my name. Please do advise on the below queries: 1. Can i claim exemption on the capital gain under section 54? 2. Is there any clause that there should be only 1 house on my name at the time of sell, else I will not get exemption under section 54 ? Thanks, Imran.