deduction under section 54F, Income Tax

[krishan sharma]

DEAR SIR IF AN ASSESSEE AVIALED THE DEDUCTION UNDER section 54F IN CASE OF CAPITAL GAIN BY PURCHASE A RESIDENT HOUSE BUT HE SOLD THE SUCH RESIDENT HOUSE AFTER ONE YEAR AND INVEST THE CONSIDERATION IN PURCHASE ANOTHER RESIDENT HOUSE PROPERTY PLEASE GIVE THE SUGGESTION IN REGARDING TO DEDUCTION WITHDRAWL

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[GOPALJI AGRAWAL]

It would not matter if you buy another house, and the provisions of withdrawals would prevail as the house sold would not be long term.