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exemption under section 54F

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 July 2010 a person has two residential house property during the accounting he sold one house and purchased another house property whether he can claim deduction U/S 54F

31 July 2010 NO HE IS NOT ELIGIBLE FOR 54F.

31 July 2010 EXEMPTION UNDER SECTION 54F WILL BE AVAILABLE ,WHEN ANY LONG TERM CAPITAL GAIN (OTHER THAN ARISING FROM RESIDENTIAL HOUSE PROPERTY)IS INVESTED TO ACQUIRE A HOUSE PROPERTY.

31 July 2010 No exemption will be available in your case

31 July 2010 u can avail exemption u/s 54...


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