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Capital gain

This query is : Resolved 
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(Querist)
27 March 2018 One of my client had sold his commercial property on 25/05/2016 for 20 lacs, he had purchased the same on 01/04/2010 in 17 lacs (but agreement value is 10 lacs only) .A capital gain will arise for this. Now He had purchased a new house property on 15th Nov 2015 for 10 lacs. SO now i want to know that he can avail exemption under section 54F ?
Please do the needful.
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
27 March 2018 Yes, provided the assessee owned only one residential property apart from the new asset
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