Capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 January 2013 EXEMPTION U/S 54F IS AVAILABLE IF ASSESSEE INVEST SALES CONSIDARATION IN HIS FATHERS HOUSE. THE ELECTRICITY AND WATER BILLS ALL ARE IN THE NAME OF ASSESSEE.

18 January 2013 HOW HE WANTS TO INVEST ? IS HE PURCHASING THE HOUSE FROM HIS FATHER ?

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 January 2013 NOT PURCHASING.
BUT HE PURCHASE A RESIDENTIAL PLOT AT SAME TIME SO HE TAKE EXEMPTION U/S 54F OF PURCHASED RES.PLOT WITHOUT CONSTRUCTION
THANK YOU

19 January 2013 construction on the plot is necessary for availing exemption U/s 54F.


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