Sec 54F Exemptions in case of two already existing properties

Tax queries 198 views 3 replies

Hi,

Please help me understand the tax implications in a scenario where the long term capital gains of selling equities/shares if invested in purchasing a property. If I already have more than one property, buying a new one would still allow for the LTCG exemption? Thanks in advance!

Regards,

Sanjay  

Replies (3)

If already have MORE than One property, you are not eligible for sec. 54F exemption.

Thank you so much for the prompt response.

Most Welcome ...  


CCI Pro

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