27 March 2018
One of my client had sold his commercial property on 25/05/2016 for 20 lacs, he had purchased the same on 01/04/2010 in 17 lacs (but agreement value is 10 lacs only) .A capital gain will arise for this. Now He had purchased a new house property on 15th Nov 2015 for 10 lacs. SO now i want to know that he can avail exemption under section 54F ? Please do the needful.
CAclubindia
