what is the meaning of new asset
related to construction under section 54 F? can i get exemption us 54 F on construction without purchase of land?
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section 54F
Replies (2)
1. i.e. New house property purchased/constructed for claiming exemption u/s. 54F
2. No ...except apartment/flat
Section 54F
This section is available to all those assets other than residential houses
Refer https://www.hrblock.in/blog/capital-gain-taxability-and-exemptions-understand-section-5454f-hr-block-india/
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