Capital gain withdrawn or not?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 so in this situation capital gain withdrawn?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.

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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