Section 54/54f
This query is : Resolved
02 August 2011
Can exemption u/s 54 or 54F allowed if house property is purchased out of India?
02 August 2011
Yes. Pl read the decision in http://www.bcasonline.org/ContentType/Contentin.asp?1382
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02 August 2011
Dear Sir
Thanks for quick reply
Can the property sold in India be a NA Plot?
Does the assessee need to deposit the money to in NRO a/c to remit abroad?
For remittance he needs certificate in Form 15CB .Can the CA give certificate as no tax is deductible as Exemption is available?
Thanks for quick reply
Can the property sold in India be a NA Plot?
Does the assessee need to deposit the money to in NRO a/c to remit abroad?
For remittance he needs certificate in Form 15CB .Can the CA give certificate as no tax is deductible as Exemption is available?
02 August 2011
yes section does not say that property should be purchased in india
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