https://www.taxtmi.com/forum/issue?id=119223 An assessee partially met the cost of a residential flat across two financial years and claimed reinvestment exemption under Section 54F for the earlier year. The question was whether the remaining reinvestment benefit can be claimed in the subsequent year given the proviso added by the Finance Act, 2023. The adviser assumed long term capital gains arise in both years and concluded that, on that assumption, the remaining Section 54F benefit may be claimed in the later year, tying availability to the existence of gains in each year. en-us Sun, 21 Jul 2024 15:03:12 +0530 Fri, 24 Jan 2025 10:40:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119223 An assessee partially met the cost of a residential flat across two financial years and claimed reinvestment exemption under Section 54F for the earlier year. The question was whether the remaining reinvestment benefit can be claimed in the subsequent year given the proviso added by the Finance Act, 2023. The adviser assumed long term capital gains arise in both years and concluded that, on that assumption, the remaining Section 54F benefit may be claimed in the later year, tying availability to the existence of gains in each year. Discussion-Forum Income Tax Sun, 21 Jul 2024 15:03:12 +0530 https://www.taxtmi.com/forum/issue?id=119223