24 February 2010
exemption in this case will not be available to the asseseee.....
but if he is having two houses and out of those houses he claims exemption on one house as a New Purchased Asset(if other conditions satisfied), then he can claim Sec 54F.
24 February 2010
sir in case assessee is having 3 house prop in his own name.... and sell 1 of thm and buy a new house ....will exemption ll b entitled
CAclubindia
