Section 54 exemption now allowed for two residential houses in India (FA 2019)



Where the amount of the capital gain does not exceed two crore rupees, the assessee may, at his option, purchase or construct two residential houses in India.

Where during any assessment year, the assessee has exercised this option, he shall not be subsequently entitled to exercise this option for the same or any other assessment year.

Refer extract of section 54 of Income Tax Act updated by FA 2019



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