Capital gain exemption
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 December 2016
An individual purchased plot and construct a house in 1971-72 total of 4,50,000. then in 2016-17 he demolish all construction so plot remain, now this plot sold to 3 diffrent person equally for 20,00,000 each (33.33%). and purchased another house 38,00,000.
So can benefit u/s 54f & 54ec on consolidated basis ?
So can benefit u/s 54f & 54ec on consolidated basis ?
01 January 2017
Yes on consolidated basis benefit of 54f and 54ec can be availed.
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