capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 July 2010
a residential house porperty sold and a plot of land purchase,
whether any deduction is available u/s 54
what about will happened if assessee will make house on plot within 3 year from date of transfer of old property
whether any deduction is available u/s 54
what about will happened if assessee will make house on plot within 3 year from date of transfer of old property
15 July 2010
If house is constructed within 3 years; exemption is available u/s 54.
CA Ravi Sisodia
(Expert)
15 July 2010
agree with rakhecha sir, If house is constructed within 3 years or purchase within 2 years then exemption u/s 54 will be available.
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