Section 54f
This query is : Resolved
10 April 2012
Dear Experts,
What is Sec. 54F.
Thanks in Advance....
What is Sec. 54F.
Thanks in Advance....
10 April 2012
http://www.simpletaxindia.net/2011/05/capital-gain-exemption-us-54f-invest-in.html
10 April 2012
It is an exemption section where in if an individual or HUF has transferred any long term capital asset and invested the sale consideration in any residential house property either within 1 year or after 2 years from date of transfer, then capital gains on such transfer is exempt from tax.
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