banner_ad

Exemption under Section 54 for LTCG

Tax queries 312 views 4 replies

kindly help me in clarifying my doubts about exemption 54:

1. does it apply for vacant plot of land? agricultural land?

2. can you sell 5 properties for example to avail exemption upto 2 crores?

3. can reinvest in maximum 2 new properties? if you already have 5 properties, what happens?

4. you have property A for 5 years. you gift it to a family member and they immediately sell it. can they avail exemption 54 on sale of property A?

thank you.

Replies (4)

1. No

2.  You may, exemption can be claimed by sell of HPs.

3. No problem. You can get exemption. But for investment in 2 HPs, its once in lifetime.

4. Yes, eligible.

Thank you
1. it does not apply for vacant plot of land.
2. Yes
3
tenure is there within a spe ific span .
4.They can avail 54 exemption.

You are welcome ..                


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details