Capital gain
This query is : Resolved
06 March 2013
I HAVE SOLD MY PLOT FOR RS. 30.00 LACS WHICH WAS PURCHASED IN THE YEAR 2000 FOR RS. 2.00 LACS. ANOTHER PLOT IS IN THE NAME OF MY WIFE. I WANT TO CONSTRUCT A HOUSE ON THE PLOT OF MY WIFE. WHETHER THE INVESTMENT MADE IN CONSTRUCT THE HOSUE WILL BE EXEMPTED OR NOT.
06 March 2013
Exemption will be available if you follow the conditions prescribed U/s 54F.
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