banner_ad

Can I claim simultaneous exemption of section 54 & 54F for one property

Tax queries 730 views 1 replies

I have sold my house for say Rs. 50 Lakh and sold old Jewellery for Rs. 25 Lakh and bought new house flat for Rs. 75 Lakh. Can I claim exemption u/s 54 & 54F simultaneously? If yes, In which proportion I can disclose value of new house property (Rs. 75 Lakh) in both of these sections in ITR.

Replies (1)
Yes you can claim under section 54 and 54F simultaneously in any proportion so as to lower the capital gain cumulatively. This is after considering that all conditions in the above sections are fulfilled. For simplicity sake you can claim 50lakhs in 54 and 25lakhs in 54F.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details