Long term Capital Gain on sale of Plot
This query is : Resolved
25 June 2011
Open plot sold in 2011. And a house is under-construction since 2004 and likely to be competed in 2012.
I want to know whether any exemption is available for construction of this house.
I want to know whether any exemption is available for construction of this house.
CA. Krishna K Neeraj
(Expert)
26 June 2011
Yes as there is time limit for completion of construction and not for starting construction
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