sec. 54F

he claimed exemption under 54f of 54G?? 54G is for transfering from urban to rural na?

dear somesh

plz specify that ur friend claimed exemption under section 54 or 54F. this is sure that this is not section 54G.if he claimed exemption under sec 54 then he will be liable to pay stcg but if covered under sec.54G then he will be liable to pay stcg and for earlier exempted amount he can claim exemption again.

regards

tarun rustagi