U/s 54 & other u/s 54f

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80 Points Posted on 18 October 2013

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.
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On 18 October 2013 at 13:41 Report
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B.com ACA
4340 Points Posted on 18 October 2013

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

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On 18 October 2013 at 13:46

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