house sold in f.y 17-18 and purchsed
a site and constructed a shed in the same year and also he sold another vacant site and purchsed one site and constructed house. can we claim ememptions under both 54 and 54f
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54 and 54f exemptions
Replies (1)
no exemption can be claimed as investment needs to be made only in a residential property and entire capital gains needs to be invested.
alternately the capital gains can be invested in bonds issued NHAI upto maximum 50lacs within 6months from the date of transfer
alternately the capital gains can be invested in bonds issued NHAI upto maximum 50lacs within 6months from the date of transfer
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