TaxTMI 
TaxTMI 
54F Exemption
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....4F Exemption<br> Query (Issue) Started By: - Ravi Gupta Dated:- 8-11-2016 Last Reply Date:- 10-11-2016 Income Tax<br>Got 1 Reply<br>Income Tax<br>Respected All, I have a plot A which is in the name OK....
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.... of my huf. I want to sell this plot and use a part of the proceeds to construct a house on plot B which is in the name of individual. I went to a lawyer and he said that I can not get exemption under....
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.... section 54 F. Is he right. ? Also if he is right, can I transfer the plot B in name of huf by way of gift before selling plot A. And then after selling plot A, use a part of the proceeds to construct....
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.... house on plot B. Then will I be able to get an exemption under section 54 F. Also the other conditions of the section are satisfied. Please let me know. Thanxxx in advance :) Reply By MARIAPPAN GOVI....
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....NDARAJAN: The Reply: What your lawyer says is correct.<br> Discussion Forum - Knowledge Sharing ....