Sec 54F and 54 Exemption
This query is : Resolved
27 November 2019
Whether properties situated outside india need to be clubbed for 2 properties limit as given under sec 54 and 54F,?
Can anyone share case laws?
Can anyone share case laws?
29 May 2020
Section 54 and 54F are mutually exclusive and cannot be used at the same time, due to the nature of assets covered under these sections. So, either Section 54 exemption will be available or exemption under Section 54F will be available, depending on the nature of the long-term asset sold.
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