HELLO FRIENDS, MY CLENT HAS TO INVEST RS. 20,50,000 TO AVAIL THE SEC 54 F EXEMPTION.
HE PURCHASED THE PLOT FOR RS 10 LAKH AND SPENT RS 5 LAKH ON CONSTRUCTION ANS IN THE MEAN TIME HE AVAILS THE HOUSING LOAN AND SPENTS RS 7 LAKH FROM THERE.
NOW, PLS. TELL ME WHETHER HE CAN INVEST RS 5 LAKH IN REPAYING THE HOUSING LOAN OR NOT.
CAN HE AVAILS THE EXEMPTION BY PAYING THE HOUSING LOAN.
PLS. HELP ME.
THANKS,
CAclubindia
