. . Whether Benefit Of Section 54F Is Available If Invested In One Residential House By Selling Two Properties? – Tax Questions and Answers

Tax Questions and Answers

Whether Benefit Of Section 54F Is Available If Invested In One Residential House By Selling Two Properties?

Posted

in

by

RAVIAIFTP

Tags:

Comments

One response to “Whether Benefit Of Section 54F Is Available If Invested In One Residential House By Selling Two Properties?”

  1. Hariharan Ramasubramanian Avatar
    Hariharan Ramasubramanian

    I own two vacant residential lands in different localities of Bangalore and am in the process of selling both of them. Can I avail exemption from Capital Gains Tax if I invest the Combined Net Consideration from both the plots in a house property within the specified time limit? If yes, when does the time start; from the sale of first property or the second one? I already own a house property in the city. Are there any case laws dealing with this issue?

Leave a Reply

Your email address will not be published. Required fields are marked *