31 July 2018
One of my clients constructing Residential Flat since 2 years and it will be completed in the FY 18-19. Every year the construction cost he is claiming exemption u/s 54F against sale of gold ornaments in the same year. Whether it is correct or not ?
04 August 2018
doesn't look like a case of proper claim under 54F. you can claim deduction against a flat that was bought within a year of capital gains but it doesn't apply to self construction.
CAclubindia
