Yes, you can claim exemption under section 54 for more than one house property purchased or constructed after the date of transfer of the original asset. Any long term capital gain from the transfer of a residential house which was charged to tax under income from house property is exempt under section 54 if amount equal to or less than the Long Term Capital Gain from such transfer is invested either in purchase of a residential house property within 1 year before or 2 years after the date of transfer of the original asset or invested in construction of a residential house property within 3 years after the date of transfer of the original asset.
Exemption under section 54, Exemption for flats, Tax filing Here we explained about the exemption under section 54 for four flats.
Have you filed your Income-tax return yet? Click here to start now.