Sec 54 long term capital gain

This query is : Resolved 

07 July 2014 I have an interested case in hand according to which assesses sold LT RHP in PY 13-14 and has acquired RHP by executing sale deed in 2010 and now he has done the registry of such RHP in 2013 to become the owner. My query is whether having registry now will make him avail of benefit under sec 54 or not?

Regards

07 July 2014 please provide the exacts date in this cases.

07 July 2014

sale as on 7.7.13 - 7200000
ICOA - 2582820
ICOI
on 30.5.04 - 899875
on 21.2.06 - 578137
investment in RHP 23.07.11 registry done 28.1.13


07 July 2014 pls provide the date of acquisiton........

07 July 2014 DATE OF ACQ. --- 3.3.2004

07 July 2014 is new property acquired or constructed is not given.

07 July 2014 NHP is purchased through a housing society via sale deed and now registered in 2013

07 July 2014 since in the initial query u have said the sale deed is registered in 2010 then if investment is done by purchasing in 2013 then no exemption is allowed.

08 July 2014 no exemption for earlier property will allowed . you can make new investment for that.


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