IF THE ASSESSEE OWNS 5 RESIDENTIAL HOUSE WHICH ARE LETOUT APART FROM ONE RESIDENTIAL HOUSE FOR OWN USE , WHETHER THE BENEFIT U/S 54 F IS AVILABLE IF THE ASSESSEE INVESTS THE CONSIDERATION AMOUNT RECIVED IN A RESIDENTIAL HOUSE WITHIN 2 YEARS FROM THE DATE OF SALE OF THE ORIGINAL ASSET
".........THE DATE OF SALE OF THE ORIGINAL ASSET?"
If the original asset as you have metioned here is any one among the 5 residential house, then YES, the benefit will be available u/s. 54 (and not 54F).
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CAclubindia
