A friend has sold two properties ( both had a long term capital gain) can the gain is adjusted againt buying a new property???
3 Replies
SIVASIVA
(FCA, Future CA)
(4935 Points)
Replied 12 April 2011
Definitely.
If it is a Residential Property then it can be claimed under sec 54F
yashsaxena
(Managing Director)
(71 Points)
Replied 12 April 2011
Yes, Agree with SIVASIVA
we can make adjustments if it is a Residential Property then it can be claimed under sec 54F
vignesh
(B-com CS CA-Final CFA-level 1 candidate)
(1053 Points)
Replied 12 April 2011
sec 54 F exemption...
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