09 January 2011
if one sells his shop (long term) and purchase a house property then will he be allowed exemption under section 54F. on the date of transfer he is owning only one residential house property.
Guest
Guest
(Expert)
10 January 2011
He will be allowed exemption under section 54F if he is owning only one residential house property as on the date of transfer.
CAclubindia
