Easy Office
LCI Learning

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

01 October 2014 yes , u will be eligible for deduction under 54 /54 F.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries