54f
This query is : Resolved
22 March 2013
if capital asset other than residential house is sold and two residential house are purchased...is 54f section of income tax applicable...or since two houses are being purchased no exemption is available...
22 March 2013
Exemption is available for any one of the house, out of the two purchased, at the option of the assessee.
31 March 2013
but provisions says that assessee should own only one purchase and no more house should be purchased within a period of three..so i m not able to understand whether exemption is allowed or not
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