Sec 54f
This query is : Resolved
14 March 2014
If a person constructs building on ancestral land taken before some 15-20 years can we take benefit of Sec. 54F??
Construction of building is completed well in period of 3 years however the land is ancestral property.
If anyone has judgement in support please do quote them.
Construction of building is completed well in period of 3 years however the land is ancestral property.
If anyone has judgement in support please do quote them.
15 March 2014
absolutely yes..you dont have to look for any judgment...purchase/pre-ownership of land is not a criterion for claiming 54F exemption by way of construction of a new house.
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22 March 2014
Thank you for your advice ..
22 March 2014
you are welcome Ronak....
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