Exemption u/s 54f
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 February 2012
Case-1: I Have 3 Residential i sold 1 Long term fixed asset and i purchased another Residential House . will exemption U/s 54F apply?
20 February 2012
Absolutely no.
Guest
Guest
(Expert)
20 February 2012
Since you have more than 1 house, exemption will not be available.
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