Arpita Toshniwal (Articles) (55 Points)
23 July 2014Whether excess of exemptin u/s 54F of previous year can be claimed against enhanced compensation received in cureent year.
Saurabh Maheshwari
(B.com,ACA)
(5923 Points)
Replied 23 July 2014
I think it cannot be claimed so....the proceeds of enhanced compensation can , however, be used to claim exemp u/s 54F...because in order to claim exemption u/s 54F we are required to invest the consideration received (here enhanced compen), therfore past excess investment cannot be claimed as such...
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 23 July 2014
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