Section 54
This query is : Resolved
31 October 2020
Hello,
For the purpose of section 54 (to save LTCG tax), can I reinvest in a residential property which is under construction?
Or do I must only invest in a residential property which is ready to move in.
Appreciate your response!
Thanks, Pradeep
For the purpose of section 54 (to save LTCG tax), can I reinvest in a residential property which is under construction?
Or do I must only invest in a residential property which is ready to move in.
Appreciate your response!
Thanks, Pradeep
Message likes :
1 times
31 October 2020
Yes you can invest in house under construction to be completed within 3 years.
Message likes :
1 times
31 October 2021
In addition to above, park your un-utilized capital gain in CGAS, 1988 account before filing corresponding ITR.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
