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Exemption under section 54f

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 October 2014 If I Have One House & One Plot Of Land, Can I Claim The Exemption U/s 54F When Selling The Plot & Using The Money To Buy New Flat?
Please Guide, Thanks...
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
13 October 2014 yes you can...the condition is that on the date of sale, you should not have more than one residential property. thats it.

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