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Capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 July 2011 can anyone get exemption on sale of gold(jewellery) when he will be invest this sale proceeds into residence house.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
15 July 2011 Yes he can avail exemption U/s 54F, provided he does not own more than one residential house.
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CA Mukesh Jain S

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CA Mukesh Jain S (Expert)
15 July 2011 He can avail section 54F exemption. He should not own more than 1 house on the date of investment.
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