Capital Gains
This query is : Resolved
04 March 2009
Assessee sold shares results in long term capital gains, buys 3 flats in the same apartment can he claim exemption under section 54F. He does not own any residential property as on date.
04 March 2009
yes he can for first two houses only as per limit provided in 54F.
05 March 2009
In my opinion of the section, he can claim exemption for only one property.
Given this opinion because there is no citation on such issue.
Other views of expert needed.
Given this opinion because there is no citation on such issue.
Other views of expert needed.
05 March 2009
sir if shares were listed and STT was paid on their sale than no taxation & also no deduction required
07 March 2009
No as I quoted shares sales results in LTCG (they were unlisted).
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