When capital gains from the transfer of several properties are invested in one residential property, can an exemption under sections 54 and 54F be claimed?

April 17, 2024 10:39

Certainly, you can qualify for exemptions under both sections 54 and 54F even if you invest in a single residential property using proceeds from multiple properties.

Provided-In case U/s 54, you're eligible for exemption if you sell a residential house property and reinvest the proceeds into another residential property. In case U/s 54F, you can claim exemption when you sell any property other than a residential house property and utilise the proceeds to invest in a residential property.

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