I borrowed funds to buy a new house u/s 54. Will the s. 54 exemption be denied to me?
5 responses to “I borrowed funds to buy a new house u/s 54. Will the s. 54 exemption be denied to me?”
thnx for this clarification – very helpful
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?
What about the requirement of depositing unutilized proceeds in capital gain scheme a/c in a bank?
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.
AWESOME CLEARIFICATION WITH RELEVANT SUPPORTING. THANKS
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