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Amit (Manager Finance & Accounts)     11 June 2021

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?



 4 Replies

Sourav

Sourav (Student)     11 June 2021

Yes deduction can be claimed
Sivaramaraju G

Sivaramaraju G (Learner)     11 June 2021

Absolutely he is eligible
Sourav

Sourav (Student)     25 July 2021

Yes ....
Nidhi

Nidhi (Chief Accountant)     31 July 2021

Yes, of course

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