Long Term Capital Gains u/s 54F
This query is : Resolved
04 February 2009
If an assessee has earned a long term capital gain and is not having any house property on the date of sale of original asset from which the assessee earned long term capital gain. But to save long term capital gains the assessee has invested in two separate residential houses on the same date....Will he be eligible for claiming exemption u/s 54F i.e. can the assessee claim benefits of investment in both the house properties or will he be disallowed exemption u/s 54F?????
04 February 2009
Claim exemption u/s 54F for only one house.
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