Exemption under 54F

Save Share

This query is : Resolved

Quick Summary

This discussion clarifies whether individuals can claim an exemption under Section 54F of the Income Tax Act when they have made long-term capital gains (LTCG) under Section 112A from selling shares. The consensus is that LTCG from shares, when reinvested in a house property within the specified timeframe, are indeed eligible for the Section 54F exemption. Therefore, individuals can claim this relief provided they meet all other conditions of Section 54F.

meena

meena (Querist)
Follow

24 July 2023 Respected Sir/ Madam,

If an Individual has made long term capital gains u/s.112A in a year and has purchased a house property in the same year out of those sale proceeds from shares . Is he eligible to claim exemption u/s. 54F ????

Is capital gain u/s. 112A eligible for exemption u/s. 54F???