commercial property

Dear Sneha,

      For claiming exemption u/s54, the LTCA transferred must be a residential house and its income must be chargeable under IHP. Although, income of commercial poperty comes under IHP, but still its not a residential property. Hence, exemption cannot be claimed under sec.54

ya agree with narayanan sir................

so exemption can be claimed u/s 54 F i guess??

Yes, exemption can be claimed u/s.54F

THANKS NARAYANAN SIR