U/s 54 & other u/s 54f

Atul Goel (CA Job)     18 October 2013

Atul Goel
CA Job 
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Mr. A has following Long Term Capital Gain in the F.Y.2013-14

Sale of House Property  Rs. 1.5 Corores

Sale of Unquoted Shares   Rs.2 Corores
He does't have any residential house can he purchase 2 residential house one u/s 54 & other u/s 54F to exempt the capital gain.


Saurabh Maheshwari (B.com,ACA)     18 October 2013

Saurabh Maheshwari
B.com ACA 
 567 likes  5908 points

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Yes, obviously because 21 capital gains are separate and will enjoy separate exemptions under separate sections

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