14 December 2014
Referring to Sec 54, Can anyone explain me what is the difference between;
1) Date of Agreement 2) Date of Allotment 3) Date of Registration of Sale Deed
with regards to re-investing the sale proceeds of old house into purchase or construction of new house for claiming exemption especially when the new house is under construction by a builder and will take time to complete.
15 December 2014
The exemption is available if the new house is PURCHASED within a period of 2 years from the date of transfer of old asset. There are cases where the possession is deferred beyond a period of 2 years and the exemption is denied. Taking into account the RISK/STAKE involved in it, one has to take the call
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