Exemption u/s 54
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 November 2012
Whether Cost of Construction and Purchase of Plot incurred within one year before of arising of capital gains can be allowed as Exemption u/s 54. Major Cost of Construction and completion of construction is within three years.
Kindly support with case law if any.
Kindly support with case law if any.
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