54f
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 March 2010
I have sold some shares and have Long Term Capital Gains. I plan to invest in a new house property to avoid the tax on LTCG. However, I already have one flat in my name. If i invest in another property will I get exemption for LTCG tax. Please clarify. Urgent
09 March 2010
Holding of only one flat is not a bar to claim exemption under section 54F provided other conditions mentioned in the section are satisfied.
10 March 2010
LTCG on shares is exempt if stt is paid on sales consideration. so, if it is exempt no need to invest.
10 March 2010
Agree with Mr. Anjani
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 March 2010
the shares i sold are unlisted and hence there is capital gains comign thereon. so can i invest in second house and avail beneift.
11 March 2010
Yes, then you can invest as Mr. Chakrapani has suggested.
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