Capital gains
This query is : Resolved
06 September 2015
My Client, during the month of may 2014, has sold one vacant site for Rs.11.00 lakhs and sold House Property August 2014 for Rs.10.00 lakhs and he has invested both amount entirely in a residencial house property during the month of August 2014 itself. Now can he claim exemption u/s 54 and 54F for both capital gains.
06 September 2015
Yes he can claim exemption under both the sections.
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