Dear Friends,
I have sold 6 Sites for Consideration of Rs.6Crore & Claimed deduction 1Crore u/s.54F on a/c of purchase of Residential property for F.Y 2016-17. In F.Y 2017-18 I have sold 5Sites @ 5.2Crore.In this year i have also spent Rs.35 Lacks on Residential property purchased during 2016-17,Can such expenditure of Rs.35 lakhs under section 54F during F.Y 2017-18,Kindly help me regarding the issue.
CAclubindia
