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Long term capital gain
I PURCHASE PLOT IN APRIL 2011 AND HOUSING LOAN TAKEN FROM BANK FOR CONSTRUCTION IN JUNE 2013 AND CONSTRUCTION COMPLETE IN JAN 2014. I SOLD ANOTHER PLOT IN DEC. 2015 CAN I EXEMPTION TAKEN U/S 54
Replies (1)
No. In case of construction of property , 3 years forward period is provided. So for constructions prior to sale not eligible for exemption.
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