capital gain exemption

Direct Taxation

currently I am in my own residential house and I am purchasing a another new residential house. And I have LTCG on sale of share 100000 am I eligible to claim exemption u\s 54F.(assume all other conditions are satisfied)

Elavarasi B

CA Inter

★ 46K+

30-Aug-22 15:10

491

Answers (2)

Yes. However upto 100000 in LTCG you anyways get deduction

CA Suraj Lakhotia

Admin

30-Aug-22 15:12

Yes. You're eligible for deduction because you satisfy the condition of owning only one residential property at the time of re-investment in another resid.prop .

Shankari C

CA Inter

★ 12K+

02-Sep-22 00:05