06 December 2022
Sir one of our client has purchased a Flat for Rs 38 Lacs by taking loan of Rs 30 Lacs on 05/08/2022. He has sold commercial property on 01/12/2022 for Rs 75 Lacs, He has only one house in his name at present . my query is : Will the purchase of Flat be allowed as deduction U/s 54F will it be Rs 8 Lacs or Rs 38 Lacs.
CAclubindia
