Capital Gain Exemption for demolised house construction
This query is : Resolved
Chirag H. Thakkar
(Querist)
15 July 2024
If a person sale a residential plot of land purchased in 2010, can he claim exemption under section 54 for construction of his house?? (old house demolished & constructed)
Dhirajlal Rambhia
(Expert)
15 July 2024
No. As on paper the HP exists in the name of the assessee.
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