Hello,
my uncle is selling a residential property, since he already have more than 2 residential properties other than self occupied and there is income from these properties, he cannot get deduction under sec 54 by re investing the proceed in another residential property.
can he deposit the sale proceed amount on NHAI bonds, what is the locking period for withdrawal.
and is it possible for him to purchase another residential property by taking loan and claim deduction u/s 24 on income from house property
and in future can loan can be preclosed on maturity of above deposits
Please guide
CAclubindia
