Section 54F Tax Exemption: Farmhouses Qualify as Residential Houses Based on Intended Use, Not Continuous Occupancy.

Section 54F Tax Exemption: Farmhouses Qualify as Residential Houses Based on Intended Use, Not Continuous Occupancy. https://www.taxtmi.com/highlights?id=6616 Exemption u/s. 54F - Since a house is called residential house with reference to the purpose of its users, it may not be necessary that somebody should live in it continuously. It is enough if it was a house for residence. A farmhouse is also a residential house. - AT en-us Fri, 25 Jan 2013 06:56:35 +0530 Fri, 25 Jan 2013 06:56:35 +0530 TaxTMI RSS Generator Section 54F Tax Exemption: Farmhouses Qualify as Residential Houses Based on Intended Use, Not Continuous Occupancy. https://www.taxtmi.com/highlights?id=6616 Exemption u/s. 54F - Since a house is called residential house with reference to the purpose of its users, it may not be necessary that somebody should live in it continuously. It is enough if it was a house for residence. A farmhouse is also a residential house. - AT Highlights Income Tax Fri, 25 Jan 2013 06:56:35 +0530 https://www.taxtmi.com/highlights?id=6616