Delhi HC denies capital gains tax exemption u/s 54F claim by a widow who bought two non-adjacent flats in Noida

Section 54F: This section allows individual and HUF taxpayers to save tax on capital gains arising from the sale of a long-term capital asset, other than a residential property, by investing the gains in a new residential property. However, a women who did exactly this was denied the capital gains tax exemption by Court. Read to know why this happened and how to prevent this from happening with you.

from Tax-Wealth-Economic Times https://ift.tt/hC5oETe