benefit u/s 54F of the income tax act,61
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 March 2011
I sold the land in April.2010 and I purchased a plot in Nov.2009 and construct a residential house on the same plot which completed in Jan.2010 can I get the benefit u/s 54F as before one year construct the house.
16 March 2011
In the case of construction, it should necessarily succeed the date of sale meaning thereby you will loose the benefit of section 54F since construction preceded the sale.
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