DEDUCTIN U/S 54 AND 54F
This query is : Open
15 December 2020
If a person has sold his ancestral house and one shop owned by him in F.Y. 2019-20 and he has purchased one house from the sale proceeds in F.Y. 2019-20 and also booked one flat in Feb 2018, for which he is making payment since 2 years and possession is not received till date.
I want to know that can he claim deduction u/s 54 for flat booked and deduction u/s 54F for house purchased by him or vice versa.
Please suggest best option.
I want to know that can he claim deduction u/s 54 for flat booked and deduction u/s 54F for house purchased by him or vice versa.
Please suggest best option.
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