For claiming exemption u/s 54F, the amount to the extent of net consideration price is to be invested in the purchase of residential house property in India within :

CS Executive · Tax Laws and Practice · PYQS · June 2021
For claiming exemption u/s 54F, the amount to the extent of net consideration price is to be invested in the purchase of residential house property in India within :
(A) Two years from the date of transfer
(B) Three years from the date of transfer
(C) One year before or two years after the date of transfer
(D) One year before or three years after the date of transfer

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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