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Enhanced compensation

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(Querist)
26 March 2018 Sir,
A person has received enhanced compensation on account of compulsory acquisition of non agricultural land from the government during the assessment year 2017-18. Earlier he has received compensation for the same and claimed exemption under sec 54F. Does the enhanced compensation received attracts exemption under sec 54? Please clarify. Thanks in advance
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
26 March 2018 Exemption u/s 54 is available for gains from residential property
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
26 March 2018 You cant claim exemption u/s 54. When a person invest in H.P.out of sale proceeds received from sale of H.P.
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