Capital gain deduction
This query is : Resolved
29 December 2015
An individual transferred land to a builder. Then the builder gave a certain sum after deducting a certain amount for a flat in that building. Can the deducted amount be claimed under sec 54F.
Can it be taken as "amount invested / incurred"?
Can it be taken as "amount invested / incurred"?
29 December 2015
Subject to other conditions of section 54F, if satisfied, then the amount invested in flat can be considered for the purpose of exemption U/s 54F.
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