Income tax-section 54f

This query is : Resolved 

26 January 2015 When a house is t/f can assessee can own one residential property other than purchased from gains from t/f asset.

26 January 2015 The assessee can own one extra residential house other than that which has been purchased for saving capital gains tax U/s 54F.
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This condition does not apply where capital gains have arisen on transfer of original asset which was a residential house. S.54.
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