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Exemption of long term capital gain u/s 54f

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Student CA Final
124 Points Posted on 15 July 2016
Dear sir/ madam one of my client has sold two plots and after that he constructed a additional floor of residential house above his existing house . Can he claim exemption u/s 54F for gain arising due to both plots ?
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On 15 July 2016 at 11:51 Report
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Teacher
1484 Points Posted on 15 July 2016
No, extension of existing house is not eligible.
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On 15 July 2016 at 12:05


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