LTCG exemption u/s 54F

Under section 54 investment in two house property when capital gain arising from trasfer of residential house property is available once in life time subject to such capital gain should not exceeds 2 crore


Section 54F of the Income Tax Act, 1961 is a section that allows tax exemption on the long term capital gains earned from selling a capital asset, other than a house property.

*net consideration invested in purchase or construction of house property

exemption =
capital gain * amount invested/net sale consideration

additional condition under sec 54f
one the date of trasfer of ltca assessee should not more than one residential house property