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Commerce · Q22

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 22

Q22

Exemption, under Sec. 54 F of the Income Tax Act, 1961, shall not be allowed if the assessee, on the date of transfer owns:

A.
Any residential house
B.
A residential house which is let out
C.
A house which is self occupied
D.
More than one residential house
Answer

Answer: Option D

Solution

Answer: Option D
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