Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 February 2013
If an assessee has sold a residential plot and invested the sale proceeds in another residential plot, then whether the assessee can claim deduction u/s 54??? and Is it necessary to construct the purchased residential plot within 3 years?????
Urgent so pls reply as soon as possible.
Thanks in advance
Urgent so pls reply as soon as possible.
Thanks in advance
14 February 2013
Yes, It is necessary to construct a residential house within 3 years from the date of sale of plot to avail deduction U/s 54F ( not under Section 54) .
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