Claiming section 54b & 54f simultaneously

This query is : Resolved

Nitish jain (Querist)
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11 July 2013 R/Sir
Please tell where we have capital gain of Rs 1 Crore by sale of agriculture land and to save the same we want to purchase one property (Agriculture land) u/s 54 B of Rs 50 Lacs & so AND we want to residential house u/s 54 F of Rs 50 LAcs & so
Please tell whether both be claimed simultaneously

Thanks in Advance

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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11 July 2013 Yes both can be claimed simultaneously. But the proposed investment amount will differ from 50 lac in each case. For 54F sales Consideration will be considered as one of the criteria in computation of capital gain.