Menu
Purchase of land and construction of house tax exemption
There is a sale of residential house property in June 2022..Investing the gains in CGAS now..in future can we purchase a plot and then construct a residential house with in three years to claim the exemption? Cost of land will also be considered for tax exemption?
Replies (3)
Quick Summary
Yes, three years from the date of sell of the HP, here June 2022.
Yes.
Thank You Sir for valuable reply
Most welcome.
Recent Topics :
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
- Question on buy back of shares
- Saving corporate tax completely on profit from rea
- Hi experts need some helps
- A query regarding GST and Place of Supply:
- ADT-3 not filed by previous Auditor
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
Related Topics :
CAclubindia
