Section 54F of Income tax Act Exemption

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4 Points Posted on 18 March 2024

A person having 300 sqyds of land sold 100sqyds at ₹1.5cr and sold another 200 sqyds for ₹2.5cr seperately within the year then invested ₹3cr in investment how to claim exemption and what are the conditions for claiming exemption

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On 18 March 2024 at 13:18 Report
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This discussion explores claiming exemption under Section 54F of the Income Tax Act for capital gains on property sales. It addresses scenarios involving multiple sales within a year and investment in property or a private limited company. The thread also touches upon using funds to complete an existing house purchase for exemption purposes.

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28271 Points Posted on 18 March 2024
There is no exemption on sale of land utilize it purchasing house property or form a pvt ltd. co. for investment in house property.
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On 18 March 2024 at 16:08
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4 Points Posted on 19 March 2024

Can we claim exemption U/s 54F by completing an incomplete house which was purchased earlier and it is the only property he has.

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On 19 March 2024 at 12:18

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