DWQA User Profile kashishbQuestions(2)Answers(0)Posts(0)CommentsThanks for such a quick response. In your second article it is mentioned that in section 54 F, to get the LTCG exemption you should have only one residential house. In our case, as i mentioned in my query, he had two property...one he is living in and another was inherited....now he wants to invest LTCG proceeds for his second new residential house....you mentioned its possible but section 54 F says something else...am i interpreting it correctly.On Answer for Regarding LTCG taxation on Sale of Inherited PropertyCrop
