Cap Gains Exemption for Investment in 2 Flats

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  1. G.R.Rajagopalan

    G.R.Rajagopalan New Member

    A long Term Capital gains of Rs.5 crores has accrued to me.I don't own any housing flat or bunglow as of now.Can I purchase 2 nos flats, each costing Rs.2.5 crores within 2 years of accrual of long term capital gains & save in full Capital Gains Tax? G.R.Rajagopalan
     
  2. Karan Batra

    Karan Batra Well-Known Member

    Budget 2014 inserted an amendment in Section 54 and Section 54F stating that exemption wont be allowed for reinvestment in 2 flats
     
  3. G.R.Rajagopalan

    G.R.Rajagopalan New Member

    Thanks a lot,Mr.Batra.Regards,G.R.Rajagopalan
     
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