Is sec 54 available only if a house is constructed after 3 yrs with the amount of capital gain ?? and not for finishing construction of a Residential house an year before receiving sale consideration ?
Is sec 54 available only if a house is constructed after 3 yrs with the amount of capital gain ?? and not for finishing construction of a Residential house an year before receiving sale consideration ?
Source is not important ,only constructon is important. Exemption u/s 54 will be available if house is constructed within 3 years of transfer or purchased within 2 years
My Actual question is if construction before an year of transfer can be exempt ?
Aggarwal Sarawagi and Co
New Delhi
CA
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