Sec 54f of Income Tax act
This query is : Resolved
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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.
20 June 2022
In your case section 54 exemption available.
Section 54F is for selling plot.
Section 54F is for selling plot.
20 June 2022
You are welcome...
.
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