Capital gains tax section 54
This query is : Resolved
srinivasan ak
(Querist)
19 July 2019
In order to claim section 54 exemption under Capital Gains, shall I invest in land and the purpose of purchase of land is to construct a house.
Assuming land cost already I have incurred and no construction cost till the due date of filing return of income and no amount has been deposited in the capital gain deposit account scheme.
In this case what is the exemption I can claim under section 54?
Assuming land cost already I have incurred and no construction cost till the due date of filing return of income and no amount has been deposited in the capital gain deposit account scheme.
In this case what is the exemption I can claim under section 54?
Message likes :
1 times
31 May 2020
Not possible to claim any deductions since nothing been executed as per act.
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