My income details are :
Salary 345149 FD Interest 8842 SB Interest 1711 Dividend 1375
Saving Details : PPF+LIC+NSC 100000 Mediclaim 3090
I have sold a flat purchased in 2004/05 (Cost 420580) in 2014 for Rs.1036500.
I have purchased a land for Rs 347930 in 2014.
Please help me deciding my tax liability for FY 2014-15
If I am constructing a house on the said land, by what date it should be completed to claim tax exemption under sec 54?
CAclubindia
