Easy Office
LCI Learning

capital gain

This query is : Resolved 
Profile Image

Profile Image

(Querist)
13 September 2017 Sold an residential house propery and purchased residential plot. Whether deduction available under section 54 of income tax??
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
13 September 2017 No deduction for mere plot. You construct a residential unit(However small it may be) and then avail the benefits of section 54
Profile Image

vaibhav

Profile Image

vaibhav (Querist)
13 September 2017 can i contruct it now and avail the benfit??
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

vaibhav

Profile Image

vaibhav (Querist)
13 September 2017 as plot has been sold and purchsed in fy 16-17
Profile Image

K Srinivas, CMA CS

Profile Image

K Srinivas, CMA CS (Expert)
14 September 2017 You can construct within 3 years from the date of transfer i.e within FY 2019-20

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links