Section 54
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 November 2013
is it important that to avail the exemption of section 54, the assessee should own no other residential property other than that sold??
CA JATIN TALREJA
(Expert)
21 November 2013
No there is no such condition to avail the exemption u/s 54
Nikhil Kaushik
(Expert)
21 November 2013
agreed with Jatin bhai. Such condition is not applicable for Section 54. However, under 54F such condition will apply.
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