Can 54F be claimed on second property or it can be just first property

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Software Engineer
66 Points Posted on 27 October 2021

Hi Guys,

I have 3 query regarding 54F. 

1) Can 54F be claimed on LTCG of foreign stocks(Nasdaq Listed)?

2) Foreign stock are considered LTCG after 24 month of holding right?

3) Can 54F be claimed on the second property or it can be claimed on first property only?

as per the example given it mentions second property. Can you give me an authentic source for the clarification of my third query.

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On 27 October 2021 at 11:32 Report
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Quick Summary
This discussion clarifies the applicability of Section 54F for capital gains tax relief. It confirms that relief can be claimed on foreign stocks considered long-term capital gains after 24 months. Crucially, it addresses whether Section 54F can be claimed on a second property, confirming it is possible provided all other conditions of the subsection are met.

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SEO Sai Gr. Hosp.
121421 Points Posted on 28 October 2021

1. Yes.

2. Yes.

3. Even for second one, provided other conditions of the sub-section are setisfied.

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On 28 October 2021 at 11:36
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190 Points Posted on 31 October 2021

WHAT ARE THE OTHER CONDITIONS OF SUB SECTION?

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On 31 October 2021 at 15:09

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