I borrowed funds to buy a new house u/s 54. Will the s. 54 exemption be denied to me?
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5 responses to “I borrowed funds to buy a new house u/s 54. Will the s. 54 exemption be denied to me?”
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thnx for this clarification – very helpful
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in view of the above judgements if the sub section (2) requiring the unutilized capital gain on the old house be deposited in capital gain scheme a/c in a bank not irrelavant too?
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What about the requirement of depositing unutilized proceeds in capital gain scheme a/c in a bank?
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Sir
I bought a house property in 2011 via housing loan, I sold my plot of land in 2014 and used the sales consideration to pay off that housing loan. Will i be eligible for claiming exemption u/s 54F.Your advice is highly required.
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AWESOME CLEARIFICATION WITH RELEVANT SUPPORTING. THANKS
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