04 March 2009
Assessee sold shares results in long term capital gains, buys 3 flats in the same apartment can he claim exemption under section 54F. He does not own any residential property as on date.
05 March 2009
In my opinion of the section, he can claim exemption for only one property. Given this opinion because there is no citation on such issue. Other views of expert needed.
CAclubindia
