Is 54F benefit available to an Individual Assessee who holds one house property in HUf status and one in Individual status
If available, can he buy 2 apartments in the same community with the sale proceeds and claim 54F exemption.
Menu
Section 54F
Replies (4)
|
Is 54F benefit available to an Individual Assessee who holds one house property in HUf status and one in Individual status YES If available, can he buy 2 apartments in the same community with the sale proceeds and claim 54F exemption. Disputable, unless both joint |
||
yes. Rambhia sir rightly answered
Can you gi've your opinion if he buys two flats in the same building. There are some High court deccession allowing such purchases.
Yes, but each case differs with different officer in front of you. I would rather go on safe side, rather then stratch it to different benches.......
Recent Topic
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
Related Topics
CAclubindia
