In regards to the Section 54 and 54F of the Income tax act.

Rahul Patel (Student CA Final ) (23 Points)

26 December 2022  
Can anyone help me in solving out 1 geniune question in regards to the Section 54 and 54F of the Capital gain chapter, which is as follows:


EXAMPLE:

If one Individual holds 3 Residential houses in its name and out of that 1 residential house if it solves out,

Then whether he/she can claim deduction u/s. 54 or 54F, by purchasing one more residential house.

And if not can you please elaborate the Section 54 and 54F.

Thanking you.