Client sold Share worth of 873000 for profit on 24th march 2021 and on June 21st he purchased the house for 32 lakhs (PROFIT FROM SHARES AND SOME BANK LOAN).
Is he eligible for deuction us 54F
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ELIGIBLE FOR DEDUCTION U/S 54F
Replies (2)
Yes, provided he had filed ITR for As 2021-22, after 21.06.2021.
Yes, 54F deduction can be claimed provided the shares sold were long-term capital assets.
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