54F Exemption

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..... Respected All, I have a plot A which is in the name OK of my huf. I want to sell this plot and use a part of the proceeds to construct a house on plot B which is in the name of individual. I went to .....

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..... a lawyer and he said that I can not get exemption under section 54 F. Is he right. ? Also if he is right, can I transfer the plot B in name of huf by way of gift before selling plot A. And then aft .....

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..... er selling plot A, use a part of the proceeds to construct house on plot B. Then will I be able to get an exemption under section 54 F . Also the other conditions of the section are satisfied. Please .....

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..... let me know. Thanxxx in advance :) - Reply By MARIAPPAN GOVINDARAJAN - The Reply = What your lawyer says is correct. - 54F Exemption - Query Started By: - Ravi Gupta Dated:- 8-11-2016 Income Tax .....

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..... - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI .....

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..... - TaxTMI - TMITax .....

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