Sec 54b of the income tax act, 1961
This query is : Resolved
11 February 2015
Kindly tell if benefit U/s. 54B can be claimed if land is purchased before sale of agricultural land out of the advance installments received for such sale? If yes, kindly quote the relevant case law too.
Thank you.
Thank you.
11 February 2015
To claim 54B purchase should not precede sales.
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