Exemption u/s 54f
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 December 2011
Dear All,
I have a doubt of 54F exemption. If i have purchased a residential house from my own fund and within one year of purchase, i have sold a land(purchased before 3 years).Can i claim 54F exemption? Kindly give case laws also( if any)
I have a doubt of 54F exemption. If i have purchased a residential house from my own fund and within one year of purchase, i have sold a land(purchased before 3 years).Can i claim 54F exemption? Kindly give case laws also( if any)
12 December 2011
yes,you can claim the deduction u/s 54F, as you have purchased the residential house not earlier than 1 year from the date of transfer of land.
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