Exemption U/S 54 & 54 F
This query is : Resolved
18 August 2010
Case:
1.One urban land was sold.
2. one residential house was sold
3. one new residential house was purchased
Q. Can exemption U/S 54 & 54 F be claimed for the same house purchased.
If the cost of new house > The sale consideration of land + sale consideration of old house sold?
1.One urban land was sold.
2. one residential house was sold
3. one new residential house was purchased
Q. Can exemption U/S 54 & 54 F be claimed for the same house purchased.
If the cost of new house > The sale consideration of land + sale consideration of old house sold?
KRISHNA KUMAR R C
(Expert)
21 August 2010
YES
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