Whether excess of exemptin u/s 54F of previous year can be claimed against enhanced compensation received in cureent year.
Whether excess of exemptin u/s 54F of previous year can be claimed against enhanced compensation received in cureent year.
I think it cannot be claimed so....the proceeds of enhanced compensation can , however, be used to claim exemp u/s 54F...because in order to claim exemption u/s 54F we are required to invest the consideration received (here enhanced compen), therfore past excess investment cannot be claimed as such...
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