Can we claim 54 and 54F exemptions for investment in one property

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banka sharvani (Querist)
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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

Tony John

Tony John (Expert)
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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.

banka sharvani

banka sharvani (Querist)
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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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