Capital gains

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  1. Sai Karthik

    Sai Karthik New Member


    I have constructed 6 flats in Mar-12 and incurred total cost of one crore. and sold 2 flats in Jan -13 for 60Lakhs and I was using the remainig 4 flats
    Of the sale proceeds,on land I got long term gain on building short term loss.

    Now am I eligible for claiming exemption under section 54,54F for the 2 flats which I was residing now?

    If yes,plz tell me under which section and refer supporting case laws?

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