Capital gains investing house property - 54f
This query is : Resolved
Sekhar Madhura
(Querist)
27 August 2019
Dear Tax expert team
For the last a few years activity do stock transaction (BSE/NSE) and I have Long term capital gains from same BSE/NSE transactions.
I purchased house in 2014 (pre - construction ) and registered the house in FY19 on home loan and I paid some amount towards home loan.
Can file 54F to use capital gains for the paid home and avail tax exemption for capital gains.
thanks
Sekhar
For the last a few years activity do stock transaction (BSE/NSE) and I have Long term capital gains from same BSE/NSE transactions.
I purchased house in 2014 (pre - construction ) and registered the house in FY19 on home loan and I paid some amount towards home loan.
Can file 54F to use capital gains for the paid home and avail tax exemption for capital gains.
thanks
Sekhar
CA R SEETHARAMAN
(Expert)
28 August 2019
54F exemption not available on capital gains from sale of shares.
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