22 October 2019
We have purchased a plot worth Rs 800,000 on 25-08-2017, and constructed house on it. Cost of construction of house was 35,00,000 and now i want to sell it 50,00,000. Query (1) whether income will be considered as LTCG or STCG. (2) If we purchase new house property can we claim deduction u/s 54. Thanks in advance.