Section 54 ea and 54f

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 February 2013 I own a residential property which is self occupied and have recently sold 1 long term asset (office premise) in Apr 12.

Can i invest in residential property to get exemption u/s 54 F ?

Also, since 6 months have already elapsed, can i invest in specified bonds and claim exemption u/s 54 EA

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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17 February 2013 54EA is the thing of the past.
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Duration given in the new section 54EC, has also passed.
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54F is available. For full exemption invest entire sales consideration received on sale of office.
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