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exemption under section 54F

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 July 2010 a person has two residential house property during the accounting he sold one house and purchased another house property whether he can claim deduction U/S 54F
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
31 July 2010 NO HE IS NOT ELIGIBLE FOR 54F.
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
31 July 2010 EXEMPTION UNDER SECTION 54F WILL BE AVAILABLE ,WHEN ANY LONG TERM CAPITAL GAIN (OTHER THAN ARISING FROM RESIDENTIAL HOUSE PROPERTY)IS INVESTED TO ACQUIRE A HOUSE PROPERTY.
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
31 July 2010 No exemption will be available in your case
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srinath

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srinath (Expert)
31 July 2010 u can avail exemption u/s 54...

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