This discussion clarifies whether you can claim the Section 54F income tax exemption when purchasing a new residential flat while retaining your existing one. The answer is yes, you can still avail of the Section 54F exemption even if you already own a residential property.
13 June 2025
i am having one residential flat. i want to purchase new flat for taking the benefit section 54f in income tax keeping old one . means two properties will be in my name. can I take benefit of section 54F ?