LTCG exemption u/s 54 F

Hi All,

My client has incurred LTCG from selling equity MF. He already has 3 houses in his name. Now he wants to buy new house, can he claim exemption u/s 54 F.

Please guide. Thanks 

Replies (2)
Quick Summary
A client has realised Long Term Capital Gains (LTCG) from selling equity mutual funds and already owns three properties. They are looking to purchase a new house and wish to claim an exemption under Section 54F of the Income Tax Act. However, based on current tax laws, owning three properties means they are ineligible to claim this specific deduction.

No... you can't claim 54F deduction
No he can't

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