Capital gain exemption under 54 and 54f
This query is : Resolved
Mallika Shah
(Querist)
24 November 2015
An assessee holds one plot and 2 residential house property (flats)
He sells plot and invests proceeds in construction of house property to take exemption of 54F
Secondly, he also sells one flat and invests the proceeds in construction of above house property to take exemption u/s 54.
can he claim exemption under both sections 54 and 54F?
He sells plot and invests proceeds in construction of house property to take exemption of 54F
Secondly, he also sells one flat and invests the proceeds in construction of above house property to take exemption u/s 54.
can he claim exemption under both sections 54 and 54F?
Nikhil Kaushik
(Expert)
24 November 2015
he can claim section 54. but section 54F will depend whether you are able to satisfy proviso (a) to section 54F.
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