Deduction U/s 54F
This query is : Resolved
13 July 2011
Q1. Can assessee claim deduction 'U/s 54F Investment in House Property' for more than 1 House Property situated in different cities??
Q2. If for purchasing House Property assessee has taken Housing Loan Then can Loan amount be considered for Deduction U/s 54F??
Plzz Advise
Q2. If for purchasing House Property assessee has taken Housing Loan Then can Loan amount be considered for Deduction U/s 54F??
Plzz Advise
13 July 2011
The assessee can purchase only one house anywhere for claiming exemption U/s 54F.
Exemption U/s 54F is available on the basis of cost of house purchased & not on the basis of sources of investment.
Exemption U/s 54F is available on the basis of cost of house purchased & not on the basis of sources of investment.
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