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
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54 and 54f
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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