Section 54/54f

This query is : Resolved 

02 August 2011 Can exemption u/s 54 or 54F allowed if house property is purchased out of India?


02 August 2011 Dear Sir

Thanks for quick reply

Can the property sold in India be a NA Plot?

Does the assessee need to deposit the money to in NRO a/c to remit abroad?

For remittance he needs certificate in Form 15CB .Can the CA give certificate as no tax is deductible as Exemption is available?


02 August 2011 yes section does not say that property should be purchased in india


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