Question ID :
40923
Exemption u/s 54F
Can exemption u/s 54F be claimed on sale of two separate pieces of land but investment in same house property ?
Posted by
Gaurav Kumar Baranwal
on
Dec 20, 2020
Filed Under
DIRECT TAXES
yes, it can be
Posted by
SHIVANAND CHAUDHARY on
Dec 21, 2020
Answer ID :
80875
Section 54 and 54F apply under different situations. While sec. 54 LTCG arising out of transfer of long term capital asset being a residential house, sec. 54F transfer of any LTCG other than a RH condition for availing exem under both secs is purchase of new RH is compulsory
Posted by
Hari Beldona on
Jan 10, 2021