https://www.taxtmi.com/forum/issue?id=2116 The statutory provision grants an exemption for one house or part of a house or a plot of land belonging to an individual or HUF, and that exemption is available irrespective of the monetary valuation of the house; the 500 square metre restriction applies only to plots of land and does not remove the exemption for a residential house. en-us Sun, 15 Aug 2010 11:58:50 +0530 Thu, 23 Jan 2025 15:58:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2116 The statutory provision grants an exemption for one house or part of a house or a plot of land belonging to an individual or HUF, and that exemption is available irrespective of the monetary valuation of the house; the 500 square metre restriction applies only to plots of land and does not remove the exemption for a residential house. Discussion-Forum Indian Laws Sun, 15 Aug 2010 11:58:50 +0530 https://www.taxtmi.com/forum/issue?id=2116