According to sec 54 if sale proceeds of one house is invested in Another house property then no capital gain tax is attracted. And according to Sec 54 F if Proceeds of any long term assets sale is invested in residential house then capital gain tax is not attracted.
assets I want to sell
House -market prise 70,00,000
Unlisted shares -MP 37,00,000
If I sell both of thease assets, and form their sale proceeds purchase new Residential house for1,20,00,000
can I take advantage of both sections simentiounsly i.e. Sec 54 & 54 F
CAclubindia
