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Deduction under section 54F

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(Querist)
07 July 2011 DEAR SIR IF AN ASSESSEE AVIALED THE DEDUCTION UNDER SECTION 54 F IN CASE OF CAPITAL GAIN BY PURCHASE A RESIDENT HOUSE BUT HE SOLD THE SUCH RESIDENT HOUSE AFTER ONE YEAR AND INVEST THE CONSIDERATION IN PURCHASE ANOTHER RESIDENT HOUSE PROPERTY PLEASE GIVE THE SUGGESTION IN REGARDING TO DEDUCTION WITHDRAWL

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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
07 July 2011 Exemption will be withdrawn as per section 54F(3).
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