capital gain

sunil rajpal (Querist) 29 May 2011 This query is : Resolved
can a person cliam exemption u/s 54 by buying more than one house, and buying house out of inda qualifies for the exemption under indian income tax act?

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soumitra basu (Expert) 30 May 2011
For getting exemption under section 54 he can not buy more than one house. However, he is entitle to buy house at a place outside india.

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