Long Term Capital Gain U/s 54F
This query is : Resolved
16 November 2019
Long term Assets of 3 Properties were sold by an Individual the whole Net Consideration was invested in Construction of Residential building. Whether exemption can be claimed U/s 54F of Income Tax Act. Is there any restriction for number of properties sold Other than House Property and invested in one residential Property.
04 June 2020
Yes..................there is no restriction regarding numbers of property sold.
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