section 54F

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Sunil (Querist)
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06 May 2017 with long term definition being changed from asset held for 3 years to 2 years, are there any changes to restrictions on 54F like cannot sell the asset or claim 54F on another house again within 3 years

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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06 May 2017 No there is no such change in section 54F and the change regarding long term period from 3 years to 2 years will be effective from 1.4.18.

Sunil

Sunil (Querist)
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06 May 2017 effective from 2018? thought was effective from 1.4.17 as it was in last budget. thanks for the info