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Income tax

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(Querist)
27 July 2015 I AM HAVING ALREADY ONE RESIDENTIAL UNIT I HAVE SOLD SHOP DURING THE YEAR HELD BY ME FROM LAST 10 YRS AND FROM SALE PROCEEDS OF SHOP I AM PURCHASING ANOTHER RESIDENTIAL FLAT WITHIN ONE YEAR WHETHER EXEMPTION U/S 54F IS ALLOWEABLE OR NOT
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
27 July 2015 Since you are already having one residential unit in your name you are not eligible for section 54F exemption.

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