LTCG and Dedcution u/s 54B & 54F

Share
Share This Thread
  1. PurviOza

    PurviOza New Member

    My client sold agriculture land in urban area and invested the amount in residential property and agriculture land both and claimed deduction under both the section simultaneously. Conditions under both the section fulfilled completely. My question is: ” Is that any provision under Act which restrict to claim deduction under both the section simultaneously?”
     
  2. ZED

    ZED Well-Known Member

    No issues, it can be done.
    Simultaneously claiming exemption has been allowed in many judgements.
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
LTCG Income Tax Feb 7, 2018
LTCG on sale of shares Income Tax Feb 2, 2018
LTCG on sale of property Income Tax Dec 22, 2017
clarification on holding period of LTCG computation Income Tax Oct 10, 2017
LTCG on sale of property Income Tax Sep 7, 2017