Exemption u/s 54
Querist : Anonymous
The transferor assessee should purchase a residential house in India within a period of one year before or two years from the date of transfer or construct a residential house within three years from the date of the transfer of the original house.
Querist : Anonymous
If Mrs. X has paid amount to developers & in 2013 HP is transferred to Mr X & amount paid to Developer is shown as Loan in Mr X's Account. Then as it is newly purchased. can the exemption will be claimed?
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