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Can I claim exemption u/s 54F if I purchase a house in a foreign country?

myITreturn Helpdesk
  • Updated

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.

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