Exemption under Sec 54 F of the Income Tax Act 1961...

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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: Option D


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