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54 and 54f

240 views 3 replies
can I use both sec 54f and 54 capital gains exemption if I sell a house,gold,shares all 3 and reinvest the proceeds to buy a single new house.

can both 54 and 54f be used towards buying a property
is it either property for property or gold,shares,MFs for property

and what if I wish to buy 2 properties let's say of 1Cr
by selling a single residential property of 1Cr
Replies (3)

Section 54 and section 54F  are  two different sections   Can not use both, . Section 54 is for residential property to residential property, section 54F other than residential property to residential property  also there are different  requirement  for  both the sections .  

1. Yes. allowed in single property.

2. Yes, both sections will apply independently.

Please mention the actual transaction.


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