03 Oct 2025 | 3 Mins Read
Valuation report needed for Section 54F LTCG property exemption
Flipitmoney
A person sold a commercial property purchased in 1995 for Rs 35 lakh and plans to invest the proceeds in a new residential house. To claim exemption under Section 54F, they do not need to obtain a valuation report for the value of the property as of April 1, 2001, as the property was acquired before that date. No indexation benefit can be claimed.