Deduction under Section 54 & 54F

If a person has LTCG from sale of house as well as from sale of shares and out of that gain he has purchased a new house. Can he claim deduction under section 54 (for LTCG of old house) and 54F (for LTCG of shares) against the new house simultaneously?

Replies (4)
Quick Summary
This discussion clarifies whether an individual can claim deductions under Section 54 and Section 54F simultaneously. The consensus is that if you have long-term capital gains (LTCG) from selling both a house and shares, and you use these gains to purchase a new house, you are eligible to claim deductions under both sections against the new property.

Yes deduction can be claimed
Absolutely he is eligible
Yes ....
Yes, of course

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

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

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details