Hi
Mr.X had a self occupied residential property and a commercial property.
He sold the commercial property and out of the total proceeds, he purchased residential property.
The newly acquired residential property fetches a monthly rental income..
Can he still claim the deduction u/s 54F for the commercial property sold
Please guide
yes eligible...
Sir
Thank you for the quick response 🙏
Here is the attachment of Sec54 F definition
Can you please elaborate the meaning of the highlighted text
Thank you
If "Other than one residential house"............ not eligible, but you had only one HP other than what you purchased, so eligible u/s. 54F...
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