Benifit under 54F

Hi,

- Yes you are entitled for benefit u/s 54F.

Thanks

Yes certainly you can get. As per section 54F you can get benefit of exemption by buying a house if at the time of claiming exemption under section 54F you owned only 1 more house other than the new house and as you are saying you are owning one house received from ancestors you can claim exemption under 54F by buying a new house.

If you want any other information relating to exemption you can get a consultation session.

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Thank you

If the house you intend to purchase is your second house then deduction can be claimed under section 54F. Inheritance of the house does not make any difference in your position.

Dear Sir,

Hope you are doing well !

Yes, you can get the benefit u/s 54F.

Thanks & Regards,

Payal Chhajed

Ok.

Still, you can get the benefit u/s 54F.

If you are owning 2 house already then you can't claim benefit under section 54F. It doesn't matter if the house is purchased or inherited, if you are owning the house then you can't buy the 3rd one.

Hi,

- Draft inheritance deed after purchase of new house.

Thanks

In my opinion, in such a case, 54F benefit can't be claimed.

Yes you can get the benefit of Sec 54F

Inheritance of a flat should not impact your eligibility to claim exemption u/s 54F

Yes, you can claim exemption u/s 54F provide you dont own more than one house property.

Sorry, you want be able to claim benefit of section 54F sinxe you own more than one house.

It does not matter whether you but it or inherit it.

Hi,

Since, you own more than once houses, you won't be eligible for section 54F.

Alternatively, you can use section 54EC

Hi

Sec 54F benefit is not allowed if you have more than one property.