Dear Collegues,
My client has purchased a New flat on 14-07-2016 and sold his old flat on 16-02-2018
That means he has purchased new prop first and old prop is sold later
can he take exemption under sec 54 in this scenario??
Dear Collegues,
My client has purchased a New flat on 14-07-2016 and sold his old flat on 16-02-2018
That means he has purchased new prop first and old prop is sold later
can he take exemption under sec 54 in this scenario??
yes you can
as new prop. purchased within 1 yr before transfer of property
No. You can not take since it is earlier than one year.
You should have purchased the property during 16-02-2017 to 16-02-2018.
what if the date possession is 15th July,2017 ???
O P Bagla & Co LLP
New Delhi
CA Inter
View Details
SMJ global advisors pvt ltd
New Delhi
B.Com
View Details
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
View Details
CAclubindia
