23 August 2016
Please guide whether exemption from capital gain u/s 54F is available ?
Asset sold - Urban Land Sale transfer deed date - 07.05.2016 Sale consideration received in advance on various dates as under: 12.08.2014 - 5,80,000 02.09.2014 - 7,00,000 02.03.2015 - 17,70,400
Asset purchased - Residential House Purchase transfer date - 10.03.2015 Purchase consideration paid as under: 28.02.2015 - 19,00,000 10.03.2015 - 5,53,000
Kindly guide regarding which dates to be considered for exemption conditions under section 54F i.e. sale and purchase transfer document date or advances received and paid for sale and purchase of assets respectively ?