Sec 54f

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 November 2013 Can benefit under sec 54F be claimed if a residential property is constructed completely before date of transfer? (ie. within 1 year from the date of transfer of the sold property)

Nikhil Kaushik

Nikhil Kaushik (Expert)
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13 November 2013 no. construction cannot start or completed before the sale of the capital asset.

CA Pallav Singhania

CA Pallav Singhania (Expert)
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13 November 2013 Yes agree with Expert,
However,You can Purchase it 1 year back or 2 year forward,
Construction is allowed
3 year after such transfer/sale...

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