Under Sections 54 and 54F the investment in new residential propert is to be made within 1 year before and 2 years after the sale in the case of purchase or within 3 years after in the case of construction. My query is - in the case of a flat under construction can investment be made before 1 year of sale and completion of construction be after 3 years of sale?
*Correction*
Investment made 1 year prior to the sale of asset is only allowed in case of Purchase of house property and not construction.
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
View Details
SMJ global advisors pvt ltd
New Delhi
B.Com
View Details
CAclubindia
