Exemption u/s 54

PRAMOD NAIK (SR MANAGER ACCOUNTS) (25 Points)

19 April 2014  

i have purchase flat in 1994-95 with agreement amount Rs.3,20,000/- now in Feb 2014 we have sold that flat to Rs.54,00,000/-.

we have got a very good investment apportunity so we have invested full 54 lacs for purchase of flat in march 2014 (pre launch )

since builder has some technical problem due to which he is not ready to register the sale document.

he is saying he will register the document with in next six month.

we have given 54 lacs through our bank account to builders name..

can we claim exemption us 54. even through we have not entered in to sale agreement.

 

under this circumstances whether i can show this investment in FY 2014-15 also.

to get exemption benefit.

kindly guide me.