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Capital gains

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(Querist)
29 July 2015 x has purchased residential property which is under construction in the year 2013. In the year 2014 he sold the shop and purchased another residential property which is ready with ground and first floor. can he claim capital gain exemption u/s 54f ..?
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CA. Chikkerur C R

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CA. Chikkerur C R (Expert)
29 July 2015 54F is not available for short term capital gain
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Poonam Jain

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Poonam Jain (Querist)
29 July 2015 The property which is being sold is purchased in year 2003. its a long term asset




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