Income tax

Tax queries 378 views 4 replies

Can Section 54B & 54F be claimed together?

Replies (4)
Yes. 54B and 54F claimed together.

If there is a sale of Agricultural land & the investments made against it is partly in agricultural land ie. to claim 54B deduction & partly in Residential house property to claim under 54F..

Is such deduction available?

Yes. For claiming deduction u/s 54f assessee should not have any house.

Could you please provide me with relevant article or caselaw?


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