Regarding exemption under section 54F
This query is : Resolved
Suresh S. Tejwani
(Querist)
05 March 2025
Under section 54F, if a taxpayer opts for purchasing land & then constructing it within 3 years from date of transfer,
then in such case, exemption is available for only construction cost, or for both (cost of land + cost of construction)?
then in such case, exemption is available for only construction cost, or for both (cost of land + cost of construction)?
05 March 2025
If land is also purchased after the sale of original asset, then land cost is also considered.
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