Exemption u/s 54F of the Income Tax Act, 1961
This query is : Resolved
26 December 2019
"One Residential House" as said in Section 54F of IT act, includes 5 Floors of one building or each individual floor is considered as separate Residential house.
Kindly help me in this regard...
Kindly help me in this regard...
26 May 2020
It is a building for which deduction in available. It can not be for flats.
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