Income Tax Act Section 54F Amended: Exemption Now Limited to One Residential House in India, Effective April 1, 2015.

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....Exemption u/s 54F - the amendment to provision of section 54F is effective from April 1, 2015, which makes it clear that benefit of section 54F will be applicable to one residential house in India. Prior to the amendment it was clear that a residential house would include multiple residential units - AT....