TMI BlogUnder what circumstances can the exemption under Section 54F be forfeited?X X X X Extracts X X X X X X X X Extracts X X X X ..... other than the new house, within two years after the date of transfer of original asset or constructs a residential house, other than the new house, within three years after the date of transfer of original asset and the income from such house is chargeable to tax under the head Income from House Property, the exempted long-term capital gain becomes taxable in such previous year. b) Non-Utilisa ..... X X X X Extracts X X X X X X X X Extracts X X X X
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