Can we claim 54 and 54F exemptions for investment in one property
This query is : Open
20 February 2017
we had sold a property which comes under 54 section and sold another property which comes under 54F .Now we have invested in a residential property .can we claim exemptions under both sections for investment in one residential property
20 February 2017
Yes you can claim exemption under both sections.
It is advised to claim Section 54 first and to claim Section 54F next, to avail maximum tax benefit.
It is advised to claim Section 54 first and to claim Section 54F next, to avail maximum tax benefit.
21 February 2017
If we have claimed exemption u/s 54 in A.Y 2016-17 . Can we claim exemption u/s 54 F in the next assessment year in the same residential house property
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