capital gain exemption (urgent)
This query is : Resolved
24 July 2018
hello ,
i want clarification regarding a case of claiming exemption u/s 54F of gapital gain, case goes like
an assessee sold a building for 52,05,576/- and constructing a house costing 55,04,850 /- for that he took housing loan of 39,00,000/- . and he s constructing another building of 1 Cr .
my question is can i claim full construction cost of 55,04,850/- on building sold ? because here u/s 54F we can claim the whole amount. and housing loan is of both building. so can i claim whole 55,04,850?
25 July 2018
Yes you can claim exemption of whole 55.04 lacs.
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