07 July 2014
I have an interested case in hand according to which assesses sold LT RHP in PY 13-14 and has acquired RHP by executing sale deed in 2010 and now he has done the registry of such RHP in 2013 to become the owner. My query is whether having registry now will make him avail of benefit under sec 54 or not?
07 July 2014
since in the initial query u have said the sale deed is registered in 2010 then if investment is done by purchasing in 2013 then no exemption is allowed.