Poonawalla fincorps
Poonawalla fincorps

Section 54b

This query is : Resolved 
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(Querist)
24 October 2013 can assesse purchase new property before sale of land to claim benefit of section 54B?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
24 October 2013 Absolutely no.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
24 October 2013 agreed with the expert.
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
24 October 2013 No, you cannot do so...
You can purchase another agricultural land within 2 year from the sale of such land subjected to some conditions...

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