Long term capital gains benefits

Hi Mr Srinivasa,

Your case falls u/s 54F.

You have purchased the house 2 years back. It is not attracting the exemption provision since for exemption it is 1 year back or 2 Years Forward.

For construction purpose, it is 3 years from the date of transfer.

Remodelling is not treated as construction.

So, i think you cannot claim / offset your cap gains into remodelling of your house.

Regards

Prateek

No way..as the time limit to complete the under conctructed house has gone for now...howvere if u want u can go for other means like Cap Gain depositing scheme...etc.