Capital gain under 54f
This query is : Resolved
vijay tanna
(Querist)
22 November 2012
can landlord claim deduction for more than one flat got into consideration from builders by sale of land under sec 54F, pls reply with caselaws vktanna@gmail.com
pls reply urgent
pls reply urgent
Amol S Joglekar
(Expert)
22 November 2012
54F has a peculiar wording of "a residential house' as on the date of transfer. More than one house on such date will disqualify the landlord from claiming 54F.
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