03 June 2021
A and B husband and wife had 2 seperate vacant lands in their individual names. They sold both the lands and bought new vacan site jointly on wch they want to construct home within 3 years. They already own one residential property. Can they claim 54 f exemption for this new property
03 June 2021
exemption under section 54F is not available if assessee already owns more than one residential house on the date of transfer of the long term capital assets
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