Easy Office
LCI Learning

Section - 54

This query is : Open 
Profile Image

Profile Image

(Querist)
21 October 2017 Happy New Year to all the experts and members.
My question is that one individual sold house property and acquiring one plot of land than he can avail exemption under section - 54 or not?
Profile Image

K Srinivas, CMA CS

Profile Image

K Srinivas, CMA CS (Expert)
21 October 2017 Acquiring only plot of land is not sufficient. Construction should be done within 3 years from date of transfer
Profile Image

CA Rashmi Gandhi

Profile Image

CA Rashmi Gandhi (Expert)
21 October 2017 No deduction available if you acquired plot.
Upgrade to CAclubindia Pro. Subscribe Now!


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



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