Exemption u/s 54

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..... Exemption u/s 54
Query (Issue) Started By: - Ethirajan Parthasarathy Dated:- 2-8-2021 Last Reply Date:- 2-11-2021 Income Tax
Got 1 Reply
Income Tax
'A' sells a land for ₹ 1,00,00,00 .....

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..... 0/- during assessment year 20-21 and buyers a residential property immediately for RS 2,00,00,000/- claims exemptions U/S 54F. During assessment year 2021 -2022 he sells a residential property resulti .....

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..... ng in capital gain of ₹ 80,00,000/-. Can he claim exemption again for the same property purchased in assessment year 20-21 because it is within one year from date of sale of Second Property. Re .....

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..... ply By CASusheel Gupta: The Reply: Yes, no bar on taking benefit under section 54 and 54F agaisnt same property CA Susheel Gupta 9811004443
Discussion Forum - Knowledge Sharing .....

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