weather exemption from capital gain can be claimed under sec 54 and other similar section where assessee constructs new House property on land already owned by such assessee?
question here is weather construction of new house property requires condition that land should also be new?
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Capital gains exemption under series of section 54
Replies (5)
Only construction is also valid. Subject to all conditions are getting satisfied
No any such rule of land being newly purchased...
No such conditions are there where new land is required. You can claim exemption u/s 54F for construction of immovable property
Can land cost also be included in exemption under 54F when construction is done.
| Originally posted by : Amit | ||
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Can land cost also be included in exemption under 54F when construction is done. |  |
Allowed
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