14 February 2009
Yes, exemption can be claimed as the condition of construction in 3 years from the date of sale of original asset is met. The provision contained in section 54 is clear.
14 February 2009
Yes, exemption can be claimed as the condition of construction in 3 years from the date of sale of original asset is met. The provision contained in section 54 is clear.
14 February 2009
Yes, exemption can be claimed as the condition of construction in 3 years from the date of sale of original asset is met. The provision contained in section 54 is clear.
11 March 2009
Yes . you can construct house within 3 years from the date of transfer and claim exemption. minimum investment in the house shall be the amount of capital gains. If construction not completed before the due date of your filing of returns unutilized long term capital gain to be invested in CG account scheme
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