banner_ad

Section 54f

This query is : Resolved 
Profile Image

Profile Image

(Querist)
09 May 2012 I have sold my Plot situated at urban area and new plot is taken in urban area during the same year so that i can save capital gain tax for the year.But my confusion is that wheather i am eligible to claim exemption u/s 54F,because Plot is purchased for Residential construction and construction is still in process on new plot purchased. Other criteria for claiming exemption u/s 54F are fullfilled.

Please help me at the earliest regarding this issue.
Profile Image

CA CKP

Profile Image

CA CKP (Expert)
09 May 2012 Dear Onkar,

You are eligible to claim exemption u/s 54F.In my view for claiming exemption u/s 54F, what is required is to start the construction within 3 years, not to complete the construction in 3 years.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

M/s G.K. Choksi & Co.

New Delhi

CA Inter

View Details