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Querist : Anonymous

Querist : Anonymous (Querist)

18 January 2013 EXEMPTION U/S 54F IS AVAILABLE IF ASSESSEE INVEST SALES CONSIDARATION IN HIS FATHERS HOUSE. THE ELECTRICITY AND WATER BILLS ALL ARE IN THE NAME OF ASSESSEE.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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18 January 2013 HOW HE WANTS TO INVEST ? IS HE PURCHASING THE HOUSE FROM HIS FATHER ?

Querist : Anonymous

Querist : Anonymous (Querist)

19 January 2013 NOT PURCHASING.
BUT HE PURCHASE A RESIDENTIAL PLOT AT SAME TIME SO HE TAKE EXEMPTION U/S 54F OF PURCHASED RES.PLOT WITHOUT CONSTRUCTION
THANK YOU

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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19 January 2013 construction on the plot is necessary for availing exemption U/s 54F.

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