Sec 54 f exemption

RAJ KUMAR (FINANCE MANAGER) (1393 Points)

11 July 2013  

HELLO FRIENDS, MY CLENT HAS TO INVEST RS. 20,50,000 TO AVAIL THE SEC 54 F EXEMPTION.

HE PURCHASED THE PLOT FOR RS 10 LAKH AND SPENT RS 5 LAKH ON CONSTRUCTION ANS IN THE MEAN TIME HE AVAILS THE HOUSING LOAN AND SPENTS RS 7 LAKH FROM THERE.

NOW, PLS. TELL ME WHETHER HE CAN INVEST RS 5 LAKH IN REPAYING THE HOUSING LOAN OR NOT.

CAN HE AVAILS THE EXEMPTION BY PAYING THE HOUSING LOAN.

PLS. HELP ME.

THANKS,