Hello everyone, i want an clarification regarding capital gain exemption.
One of the client sold a building for 52 lacs nd constructing a house of 55 lacs nd took a loan of 39 lacs . And constructing another building also. He utilising the loan for both the building, .The question is can i claim whole 55 lacs u/s 54F?
1 Replies
rama krishnan
(12239 Points)
Replied 24 July 2018
building? if it's residential property.. then you can claim deduction under 54.. here the property sold was building (not residential).. then you are eligible to claim deduction under 54F, only to the extent of capital gains and not the entire sale consideration
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