Section 54F
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 January 2011
Sir,
Can we avail the exemption u/s 54F of Income Tax Act,1961 if we own more than one residential house at the time of availing such exemption.
Thanks in Advance
Can we avail the exemption u/s 54F of Income Tax Act,1961 if we own more than one residential house at the time of availing such exemption.
Thanks in Advance
CA Vinay Gandhi
(Expert)
29 January 2011
No, For availing exemption u/s 54F the assessee must own only 1(one) residential house other than what he/she wants to build/purchase.
Guest
Guest
(Expert)
29 January 2011
Agree with Mr. Gandhi
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