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
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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