Sec 54f

pratik (article) (47 Points)

26 December 2016  
There isCondition of not owning more than 1 House Property on date of Transfer. . . whether i should not own 1 House Property in India or my Property abroad will also be counted . .e.g i have 1 HP in India at present and 1 HP in Australia. . now if i sell capital asset and purchase HP in India . . .whether i will get exemption under sec 54F ?