Suppose that a HUF has taken exemtion u/s 54F in this year, whether the member of HUF can purchase one more house with in the same year?
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7019 Points)
Replied 14 March 2013
Yes, Member and HUF are different entities.
Anuj
femaquery @ gmail.com
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)