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Regarding clearification on sec 54 F
we want to use the exemption u/s 54F .....so we are planning to pur a house prop....but there will also be another pur of house prop before the end of the FY.....assessee does not have any house prop before this....so will there be a contravention to the provisions of 54F if we pur 2 houses (0 houses earlier) within same yr
Replies (2)
Yes..in the same Financial year, if you buy 2 houses, then 54F exemption Will be denied..
Alternatively, you can try these two ways
1. push the purchase of 2nd house to the next financial year.
2. invest in your family members' name(preferably) or jointly with your family member. Ensure that consideration moves out in their name
Alternatively, you can try these two ways
1. push the purchase of 2nd house to the next financial year.
2. invest in your family members' name(preferably) or jointly with your family member. Ensure that consideration moves out in their name
Transaction of Cap gain is yet to take place....so should I pur one house immediately and another house after such transaction?
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