U/s 54 & other u/s 54f


CA Job

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

 
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