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capital gain 54f
I had purchased a under construction property 2 years back and was paying the promoter in installments. I have sold a share of Pvt Ltd company and has received a long term capital gain today. so can I use this whole consideration to pay the promoter now.do I need to pay any long term capital gain tax or it will be exempt?pls urgently guide.thanks
Replies (1)
benefit of exemption u/s 54F can be taken if
assessee purchases property within 1year before or within 2 years or constructs one within 3 years in India
So in dis case u will not be eligible to take d exemption
assessee purchases property within 1year before or within 2 years or constructs one within 3 years in India
So in dis case u will not be eligible to take d exemption
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