Exemption u/s 54 & 54F
This query is : Resolved
02 February 2011
Dear Sir,
Whether investment in a house property in a foreign country is eligible for exemption u/s 54 or 54F
Whether investment in a house property in a foreign country is eligible for exemption u/s 54 or 54F
04 February 2011
I think its not eligible but wait for others reply...
05 February 2011
legisilation us54 of income tax used of purchase, construction of house properity one year before and 2 year after and for construction 3 year.that may be in india or outside india. but no deduction shall be allowed u/s 54f as the term used specifically define that house properity must be in india only.
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