54 f exemption
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 January 2015
in case of exemption u/s 54 f can i claim exemption for the property purchased (only agreement made and part pymt made )two years before but possession not yet recd as on the date of transfer .
for 54 f exemption it can b claimed only if res prop is purchased one year before the transfer. my query is can i calim the exemption if the property is pur befor eone year but part pymt is pending and also possession not yet recd
for 54 f exemption it can b claimed only if res prop is purchased one year before the transfer. my query is can i calim the exemption if the property is pur befor eone year but part pymt is pending and also possession not yet recd
17 January 2015
As agreement made and part payment made before one year exemption u/s 54 f cannot be claimed.
17 January 2015
on one before property you cannot claim deduction u/s 54F.
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