Section 54F about second home
This query is : Resolved
29 July 2023
I have query regarding Capital gains invested in buying property. I own a house where I live. Last Financial year I bought second flat and I have given it for rent. I invested some amount in buying from Redemption of Mutual funds and I invested all the capital gains in it. I Can I avail benefit of section 54F to seek exemption from paying taxes on capital gains?
29 July 2023
Yes, you can avail exemption u/s. 54F IT act, provided other conditions as per the section are satisfied.
12 September 2024
Good Luck.
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