54F exemption on sale of multiple residential lands and investment into residential house

I had purchased 2 residential lands in 2000 and 2003 and have sold them in April 2021 and April 2022 (planned). All dates are registry dates.

  • Land 1 sale price: 15L
  • Land 2 sale price: 65L

I plan to invest these into purchase of residential flats and avail exemption under section 54F.

  1. Is 54F exemption applicable if I pool the money from the 2 sales and buy a single flat of 80L?
  2. Is 54F exemption applicable if I split the money into 40L + 40L for purchase of 2 separate flats in the same building (Jodi flats)?
  3. For 54F exemption on investment into an under construction project, what milestone does the under construction project need to achieve in 3 years? [e.g. Does possession have to be granted?, or is a contract with the builder enough, or something else?]

 

I do not own any residential house currently under my name

Thank you

Replies (1)

Please note registry and sale proceeds from the 2 residential plots are in different financial years

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details