solve

 

If a Person have two flat and he sold first flat and sale amount invested in second flat for constrution of floor

   Whether it is eligiable for exemption u/s 54

Replies (12)

yes i think its eligible under sec 54

Yes it eligible for exemption u/s 54

It cann't be allowed under circutances if such amount invested for renewal of second flat

If the construction results in a new dwelling unit, then it will be exempted u/s 54

Originally posted by : Deepak Gupta

If the construction results in a new dwelling unit, then it will be exempted u/s 54

If the construction results in a new dwelling unit, then it will be exempted u/s 54

Originally posted by : Puneet Dham




Originally posted by : Deepak Gupta






If the construction results in a new dwelling unit, then it will be exempt u/s 54



 


Agree

Yes it is eligible for exemption u/s 54

Originally posted by : Deepak Gupta

If the construction results in a new dwelling unit, then it will be exempted u/s 54

yes it is eligible for exemption u/s 54

yes eligile for xemption u/s 54

Originally posted by : Deepak Gupta

If the construction results in a new dwelling unit, then it will be exempted u/s 54

if he invested with in one year in case of purchase or with in 2 years in case of construction then he can cliam exemption

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