Exemption u/s 54f

Gangeshwar (proprietor) (136 Points)

06 September 2018  

IF A PERSON OWNS MORE THAN ONE RESIDENTIAL HOUSE ON THE DATE OF TRANSFER, CAN EXEMPTION U/S 54F BE AVAILED. THE GAIN HAS BEEN INVESTED IN CONSTRUCTION OF ANOTHER HOUSE PROPERTY, OTHER THAN PREVIOUSLY OWNED RESIDENTIAL PROPERTIES. PLEASE SUGGEST AT THE EARLIEST. THANKS IN ADVANCE