Section 54f

snjna (Student CA IPC / IPCC) (18 Points)

30 January 2017  

The issue dealt with was whether the exemption u/s 54f is available in cases where more than a single capital asset is sold and the resultant combined long-term capital gain is invested in purchasing or constructing one single residential property within the prescribed time limit of 2 years or 3 years as the case may be in a two different years. Whether it is possible?