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Capital gains exemption under series of section 54

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3 Points Posted on 16 June 2022
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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On 16 June 2022 at 17:38 Report
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215 Points Posted on 16 June 2022

Only construction is also valid. Subject to all conditions are getting satisfied 

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On 16 June 2022 at 18:09
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SEO Sai Gr. Hosp.
211612 Points Posted on 16 June 2022

No any such rule of land being newly purchased...

581 Reply
On 16 June 2022 at 18:56
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Chartered Accountant
86505 Points Posted on 16 June 2022
No such conditions are there where new land is required. You can claim exemption u/s 54F for construction of immovable property
814 Reply
On 16 June 2022 at 22:23
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Yy
35 Points Posted on 24 November 2022

Can land cost also be included in exemption under 54F when construction is done.

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On 24 November 2022 at 17:55
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215 Points Posted on 24 November 2022
Originally posted by : Amit
Can land cost also be included in exemption under 54F when construction is done.

Allowed

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On 24 November 2022 at 17:59


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