Capital Gains
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 December 2010
Can benefit u/s 54 be availed for a flat which is sold when it is still under construction?
What if a flat is booked on 12th floor & subsequently sold but the construction is completed upto 7th floor only? Is it deemed to be a residential house property?
What if a flat is booked on 12th floor & subsequently sold but the construction is completed upto 7th floor only? Is it deemed to be a residential house property?
Aditya Maheshwari
(Expert)
10 December 2010
If u have not got possesion then how the property will be claimed as long term? So no exemption could be claimed u/s 54.
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