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Sec 54f of Income Tax act

This query is : Resolved 
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(Querist)
20 June 2022 I own 3 flats in chennai. I am selling a flat and buying a new flat. Can I claim LTCG exemption u/s54F....
I understand that 54f cannot be available if the assesse owns more than 1 house...

Should the flat which I am selling be included for determining the houses owned or it should be excluded...

Pl clarify.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
20 June 2022 In your case section 54 exemption available.
Section 54F is for selling plot.
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ramesh

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ramesh (Querist)
20 June 2022 Thank a lot sir.......
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
20 June 2022 You are welcome...
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