Bombay HC Ruling: Taxpayers Get Capital Gains Relief on Multiple Homes

Imagine you sold a house and used the money to buy other houses.

Before 2015, a tax law said you might not have to pay taxes on the money from the sale if you reinvested it in another house.

The Bombay High Court has now said this tax break applies even if you bought more than one house.

This means people who bought several houses with their sale money before 2015 can get a tax break.

The court looked at the old law and said it didn't limit the tax break to just one house.

This ruling helps people who were told they couldn't get the tax break because they bought multiple houses.

It means the law was meant to encourage buying houses, not limit how many you could buy to get a tax break.