54F exemption - Two years

Indira (CA ) (1379 Points)

09 September 2023  

Hi

I have sold some unlisted shares resulting in capital gain of INR 1.7 crores in June 2022 and have reinvested the proceeds in a residential property amounting to INR 4 crores. I had claimed the exemption under section 54F for the AY 23-24. Now for AY 24-25 can i take the exemption under 54F on the same property as the total amount of investment was not exhausted?

Thanks