Sale of property
This query is : Resolved
30 September 2014
Dear Expert,
I have sold on flat in Sep 2014 and received consideration of Rs.2500000.00 which I have paid to a builder for a property for which I will be getting possession in 2016 for a value of Rs.4000000.00.
Will the amount of Rs.2500000.00 received by me in this financial year will be taxable in my hands.
Please advise.
Mohan Saxena
I have sold on flat in Sep 2014 and received consideration of Rs.2500000.00 which I have paid to a builder for a property for which I will be getting possession in 2016 for a value of Rs.4000000.00.
Will the amount of Rs.2500000.00 received by me in this financial year will be taxable in my hands.
Please advise.
Mohan Saxena
01 October 2014
yes , u will be eligible for deduction under 54 /54 F.
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