Exemption under 54 f

uzair (Querist) 27 May 2016 This query is : Resolved
WHERE 'A' SOLD A PROPERTY AND MADE LONG TERM CAPITAL GAIN, HE DEPOSITED THE AMOUNT IN CAPITAL GAIN SCHEME ACCOUNT, BUT COULDN'T UTILISE THE SAME, SO IT BECAME TAXABLE AFTER 3 YEARS, HE TOOK A LOAN AGAINST SUCH AMOUNT DEPOSITED, WHICH IS NOT PERMITTED BUT HE SOMEHOW DID, SO IS THE EXEMPTION WITHDRAWN BY SUCH ACT.???

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uzair (Querist) 05 June 2016
Exemption under section 54F.

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