Bharat sharma

Tax planning 182 views 3 replies

Hello Friends

If an Assessee Claims Exemption u/s 54F and buys one residential House property, than whether he is allowed to purchase another land  within a period of three years or will the exemption provided earlier stands withdrawn on purchase of land....

Replies (3)

Allowed.....

Restriction is on construction or acquisition of house property. No restriction on land. Hence, it's allowed.

Thanks Sir


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