respected sir,
i have a query regarding ltcg out of sale of non-agriculture land which is invested in agriculture land and in the construction of house within the specified time limit as per the i. t act. but in which section i can get claim deduction as above said?
please help me sir
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how can i get the deduction of our investments out of sale consideration?
Replies (1)
54B for investment in agriculture land, in this section only capital gain is required to be invested .
however if u want to acquire residential property deduction would be available in sec 54F, here entire net consideration is required to be invested
however if u want to acquire residential property deduction would be available in sec 54F, here entire net consideration is required to be invested
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