Sec 54f of Income Tax act
This query is : Resolved
Quick Summary
20 June 2022
I own 3 flats in chennai. I am selling a flat and buying a new flat. Can I claim LTCG exemption u/s54F....
I understand that 54f cannot be available if the assesse owns more than 1 house...
Should the flat which I am selling be included for determining the houses owned or it should be excluded...
Pl clarify.
I understand that 54f cannot be available if the assesse owns more than 1 house...
Should the flat which I am selling be included for determining the houses owned or it should be excluded...
Pl clarify.
CA R SEETHARAMAN
(Expert)
20 June 2022
In your case section 54 exemption available.
Section 54F is for selling plot.
Section 54F is for selling plot.
CA R SEETHARAMAN
(Expert)
20 June 2022
You are welcome...
.
.
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