54 f exemption


CHIRAG DEEPAK GANATRA (CA FINAL)     27 June 2019

CHIRAG DEEPAK GANATRA
CA FINAL 
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My Client Sold Shop on June 17

And Taken booking allotment of flat on july 2018

now he want to cancel that booking and want to buy new underconstruction proerty,

so 54F is available or what?

 

pl advice

avater

Dhirajlal Rambhia (KVO Merau Kutchh)     28 June 2019

Dhirajlal Rambhia
KVO Merau Kutchh 
 8809 likes  90560 points

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Google for a case law favoring the assessee in similar case. Courts allow the deduction, but restricted at lower level.


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