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Sec 54f exemption and lateron let out

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 November 2011 my client a huf got exemption for six flats u/s 54F (WITH THE SUPPORT of Rukminamma case). can he now let out five flats for rent.? ofcourse he is not selling any of the flats nor purchasing / constructing any other
house property.
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Aijaz Shaikh

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Aijaz Shaikh (Expert)
27 November 2011 Yes, he can let out five flats for rent.

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