Exemption u/s 54f
This query is : Resolved
CA. SANDEEP SHARMA
(Querist)
21 December 2015
Dear experts
please spare your valuable time and guide us
the assessee has sold two plot ( long term) and invested the money in buying one new residential house property. can he claim exemption u/s 54F for sale of two plots.
thanks in advance
please spare your valuable time and guide us
the assessee has sold two plot ( long term) and invested the money in buying one new residential house property. can he claim exemption u/s 54F for sale of two plots.
thanks in advance
Rupesh Jain
(Expert)
21 December 2015
if you use all sales consideration for buying the new house then no problem.
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