Is 54F exemption applies if New House constructed on old plot
This query is : Resolved
Quick Summary
07 January 2024
Assessee has sold a land and earned LTCG, which he has invested in construction of new residential house on an existing plot of land, so is the assessee eligible to claim the exemption u/s 54F, by contructing new house on old and existing plot?
07 January 2024
Is that Old and Existing plot have any Building or House...??
07 January 2024
Yes, 54F exemption available in such a case.
07 January 2024
Yes I agreed to Mr CA R Seetharaman Sir. Excemption is available in this case...
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