. . I borrowed funds to buy a new house u/s 54. Will the s. 54 exemption be denied to me? – Tax Questions and Answers

Tax Questions and Answers

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?”

  1. alpana Avatar
    alpana

    thnx for this clarification – very helpful

  2. rajeev Avatar
    rajeev

    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?

  3. Vikas Avatar
    Vikas

    What about the requirement of depositing unutilized proceeds in capital gain scheme a/c in a bank?

  4. Shubham Singhal Avatar
    Shubham Singhal

    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.

  5. SANDESH DUBEY Avatar
    SANDESH DUBEY

    AWESOME CLEARIFICATION WITH RELEVANT SUPPORTING. THANKS

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