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Capital Gains

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(Querist)
20 May 2011 Dear All

Is long term capital gains arising on transfer of tenancy right , eligible for exemption on subsequently purchasing a residential house property?

Please explain

Regards
Rahul
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
20 May 2011 Yes. Exemption U/s 54F can be availed.
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Nikhil Kothari

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Nikhil Kothari (Expert)
21 May 2011 Yes eligible for exemption for u/s 54F.
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