U/s 54 & other u/s 54f

Atul Goel (CA Job) (335 Points)

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.