Capital Gain

According to sec 54 if sale proceeds of one house is invested in Another house property then no capital gain tax is attracted. And according to Sec 54 F if Proceeds of any long term assets sale is invested in residential house then capital gain tax is not attracted.

 

assets I want to sell

House -market prise 70,00,000

Unlisted shares -MP 37,00,000

If I sell both of thease assets, and form their sale proceeds purchase new Residential house for1,20,00,000

can I take advantage of both sections simentiounsly i.e. Sec 54 & 54 F

 

Replies (2)

Hii Sir,

 

As you asked, you can invest the proceeds from both the sale of residential property as well as from the shares in a new residential property and avail the exemption under sections 54 & 54F. there is nothing in the act that restricts such investment.

Good question..

As it is nothing mentioned in the act about the availability of both the Section i.e. 54 and 54F.

you can claim exemption from both of them but see the amount araising on both the case should be limited on sale proceed under different section.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details