Section 54f
PRASHANT (Advocate) (87 Points)
25 January 2016PRASHANT (Advocate) (87 Points)
25 January 2016
RAHUL
(Student CA Final )
(377 Points)
Replied 25 January 2016
Gains may be exempted
u/s 54: Investment in House property
and u/s 54 EC: investment in NHAI/REC Bonds,
subject to prescribed conditions being followed.
Sec. 54F won't apply.
PRASHANT
(Advocate)
(87 Points)
Replied 25 January 2016
RAHUL
(Student CA Final )
(377 Points)
Replied 25 January 2016
Nope. Existing ownership doesn't qualify for claiming exemption.