Ltcg on sale of 3 house property/plot of land
This query is : Resolved
05 June 2019
DEAR SIR,
I HAVE PURCHASED 3 HOUSE PROPERTY NEXT TO ONE ANOTHER. AFTERWARDS I HAVE DESTRUCTED PROPERTY AND MERGED THEM INTO ONE PROPERTY FROM MUNICIPALITY. NOW I WANT TO SELL IT. AM I ELIGIBLE TO SECTION 54 EXEMPTION..?
I HAVE PURCHASED 3 HOUSE PROPERTY NEXT TO ONE ANOTHER. AFTERWARDS I HAVE DESTRUCTED PROPERTY AND MERGED THEM INTO ONE PROPERTY FROM MUNICIPALITY. NOW I WANT TO SELL IT. AM I ELIGIBLE TO SECTION 54 EXEMPTION..?
05 June 2019
You are eligible for 54F exemption as you are selling plot of land.
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05 June 2019
SIR IF THERE IS ANY CASE LAW OR DECISION AVAILABLE REGARDING THIS..?
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