Regarding Capital Gain Exemption
This query is : Resolved
Suresh S. Tejwani
(Querist)
04 March 2025
Sale of RESIDENT PLOT (not a RESIDENT HOUSE) is covered under section 54 or 54F?
what are the maximum number of resident house one can hold as per income tax act to claim exemption under this section?
what are the maximum number of resident house one can hold as per income tax act to claim exemption under this section?
Dhirajlal Rambhia
(Expert)
04 March 2025
1. Sec. 54F IT act.
2. Should not have more than ONE HP, other than the HP over which the exemption claimed.
2. Should not have more than ONE HP, other than the HP over which the exemption claimed.
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