Menu
Sec 54f
If a person sells his long term capital asset ( plot ) and then he purchases an other plot for constructing the residential house, can we avail benefit u/s 54F for cost of purchase of new plot? Are there any case law regarding the same
Replies (2)
"............and then he purchases an other plot for constructing the residential house, can we avail benefit u/s 54F .........."
No case law required, if you wish to complete the construction of a residential house over the new purchased plot within 3 years!!!
(just park the remaining sale proceeds amount in CGS acc, before filling return)
Thank you very much Sir.!! Appreciate your help
Recent Threads
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
Related Threads
CAclubindia
