Can i claim exemption under section 54 and 54 F together against sale of land and a house property also bought a new residential house property.?
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Quick Summary
This discussion explores the possibility of claiming Capital Gains Tax exemptions under both Section 54 and Section 54F of the Income Tax Act when selling land and a house, and subsequently purchasing a new residential property. It addresses which exemption might need to be claimed first and provides insights from the Income Tax Tribunal Hyderabad.
Income Tax Tribunal Hyderabad, https://www.google.co.in/amp/s/housing.com/news/can-a-tax-payer-claim-simultaneous-exemption-under-section-54-and-54f-by-investing-in-the-same-house/amp/