Capital gain

Kashish Gupta (B.com (H) , ACA) (368 Points)

19 August 2013  

Dear Friends..

I have a query regarding Capital Gain.Please give your suggestions-:

A Person sold ROOFTOP of house and purchased a Residential House Property. Under which section of Income Tax Act,1961 he can claim exemption?? 

54 or 54F?

Give reasons for your answer also.

Thanks.