Section 54f
This query is : Resolved
29 June 2013
Can we claim deduction under sec 54F by investing in two house properties and the client does not have any other house property till now.
i.e. client wants exemption on capital gains u/s 54F by investing in two houses is it possible to claim exemption of capital gain u/s 54F by purchasing 2 house property and assessee does not own any house property on the date of capital gain
i.e. client wants exemption on capital gains u/s 54F by investing in two houses is it possible to claim exemption of capital gain u/s 54F by purchasing 2 house property and assessee does not own any house property on the date of capital gain
29 June 2013
Reinvestment in multiple flats is allowed.
Citation:- CIT. Vs. Raman Kumar Suri (2013) Taxman 411 (Bom).
Reinvestment in multiple flats at different places will not be allowed.
Citation:- I.T.O. Vs Ms.Sushila M.Jhaveri (2007) 292 ITR 1 (Mum).
Citation:- CIT. Vs. Raman Kumar Suri (2013) Taxman 411 (Bom).
Reinvestment in multiple flats at different places will not be allowed.
Citation:- I.T.O. Vs Ms.Sushila M.Jhaveri (2007) 292 ITR 1 (Mum).
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