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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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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