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          Income Tax

          Is there any limit on the number of house properties in which further investment can be made?

          FAQs on Exemption available from Capital gains

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          Capital gains exemption for investment in two house properties allowed once-only where gains are below the statutory threshold. Exemption from capital gains is ordinarily available only for investment in one house property. With effect from Assessment Year 2020 21, the exemption can be claimed for purchase or construction of two house properties if the long term capital gains do not exceed a specified threshold; this option is available once in a lifetime and cannot be availed again in the same or any succeeding year.
                            Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                              Provisions expressly mentioned in the judgment/order text.

                                  Capital gains exemption for investment in two house properties allowed once-only where gains are below the statutory threshold.

                                  Exemption from capital gains is ordinarily available only for investment in one house property. With effect from Assessment Year 2020 21, the exemption can be claimed for purchase or construction of two house properties if the long term capital gains do not exceed a specified threshold; this option is available once in a lifetime and cannot be availed again in the same or any succeeding year.


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