Exemption u/s 54f

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This query is : Resolved

Bhanu Prakash Rao (Querist)
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03 March 2011 Dear all

my query is Residential assets purchased and consideration paid in the year 2004-05 but registration done in the year march 2010 and in the year 2009-10 the assessee sold one Residential property, can he claim the earlier purchase of property as 54f exemption in the year 09-10 bcoz registration done in the year 09-10 only

Bhanu Prakash Rao

Bhanu Prakash Rao (Querist)
Follow

03 March 2011 my query is Residential assets purchased and consideration paid in the year 2004-05 but registration done in the year march 2010 and in the year 2009-10 the assessee sold one Residential property, can he claim the earlier purchase of property as 54f exemption in the year 09-10 bcoz registration done in the year 09-10 only