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Exemption u/s 54 f - pls suggest

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 September 2016 Dear Experts ,

I sold a commercial property on November 2015 for a sum of Rs 90 Lacs. I spent some of that money in my daughter marriage ,To save my capital gain I purchased a residential property of 90 Lacs, due to some shortfall in money I have borrowed a home loan of Rs 30 Lacs.
Please suggest whether this home loan will be allowed as deduction u/s 54 F.(taken 90 Lac as a whole or only 60 lacs

please reply.
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Amol S Joglekar

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Amol S Joglekar (Expert)
16 September 2016 entire 90 lakh (including loan etc) will be entitled for exemption u/s 54F
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