No, If any capital asset other than a residential building is transferred and a residential property is purchased outside India to save tax, You can not claim exemption under section 54.
Exemption u/s 54F, exemption u/s 54F on a house in foreign, Tax filing Here we explained limitations exemption u/s 54F on a house in foreign as per the rules of Income tax department.
Comments
0 comments
Please sign in to leave a comment.