Exemption under section 54f
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 October 2014
If I Have One House & One Plot Of Land, Can I Claim The Exemption U/s 54F When Selling The Plot & Using The Money To Buy New Flat?
Please Guide, Thanks...
Please Guide, Thanks...
Nikhil Kaushik
(Expert)
13 October 2014
yes you can...the condition is that on the date of sale, you should not have more than one residential property. thats it.
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