Capital Gains Section 54F
Querist : Anonymous
On the date of investment i was owning 9 house properties. These properties are being used for commercial purpose (Service Apartment).
Will i be eligible for exemption ?
When you can claim:
Income other nine houses shuld not be chargible under the head of "INcome from House Property"
It may be possible only in case of Composite Rent: Where the owner charge a composite rent and it is not possible to ascertain seprately the rent income and income of other assets.
Querist : Anonymous
Querist : Anonymous
The condition referred is as under:
the income from such residential house, other than the one residential house owned on the date of transfer of the original asset, is chargeable under the head “Income from house property”
Yes it can be claimed
Querist : Anonymous
I think then exemption u/s sec 54F is very restrictive.
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