Under section 54
This query is : Open
30 July 2011
If a person take a home from a housing society. Agreement Date 11.04.2007 & Construction complete at 2010 His possession from 4.2.2010 But Fully Payment At 2.03.2011 .Then if He Sale The House Then Can He Claim 54 Form Exemption on Capital Gain By Invest For Purchase Another House.
31 July 2011
Period of holdng from April 2007.
All the payments till 2011 will be added in cost of acuisition after indexing them separately with the index rates of respective years.
its laong term capital gain
yes he can claim 54 exemption on fulfiling the conditions in the section.
All the payments till 2011 will be added in cost of acuisition after indexing them separately with the index rates of respective years.
its laong term capital gain
yes he can claim 54 exemption on fulfiling the conditions in the section.
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