A person having 300 sqyds of land sold 100sqyds at ₹1.5cr and sold another 200 sqyds for ₹2.5cr seperately within the year then invested ₹3cr in investment how to claim exemption and what are the conditions for claiming exemption
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Section 54F of Income tax Act Exemption
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There is no exemption on sale of land utilize it purchasing house property or form a pvt ltd. co. for investment in house property.
Can we claim exemption U/s 54F by completing an incomplete house which was purchased earlier and it is the only property he has.
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