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Capital gain withdrawn or not?

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 April 2014 if u/s 54 capital gain is used into the purchase/construction the house within 2/3 year then capital gain exempted.



my que. is if client situation as of now is that he has complete 3 year in construction but till date construction is continue and 80% down payment given to the builder by client on till date. so in this situation capital gain withdrawn? if yes than how much?

thanks.
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Rupesh Jain

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Rupesh Jain (Expert)
05 April 2014 if construction not complete in three year
then client not complete the exemption condition then all capital gain to be taxable
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 April 2014 thank you very much sir.
digvijay
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