31 July 2018
If a property ( long term) is held in the name of partnership firm and is sold out, reinvestment is done in some other property than whether exemption is available u/s 54F or not ?? If partnership firm is first dissolved and than the property is distributed to the partners, who further sell the same, than whether it will be short term or long term gains??
Guest
Guest
(Expert)
31 July 2018
54F is not for firms, only for individuals and HUF.
Only period for which the partner holds the property.
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