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