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...??
CA R SEETHARAMAN
(Expert)
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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