Capital gain on sale of residential plot
This query is : Resolved
23 July 2014
My client has purchased a residential plot on 23.12.2010 at Rs. 700000/- and sold the half portion on 23.12.2013 at Rs. 800000/- and then purchased another residential plot on 13.01.2014 for Rs. 500000/-.
Pls guide whether exemption u/s 54F will get or not?
Pls guide whether exemption u/s 54F will get or not?
23 July 2014
No, only investment in house property is eligible for exemption u/s 54F with certain conditions.
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