Hello everyone,
Client Sold Open Plot and Purchased Residential building . Is it exempt from Capital gains.?
Purchased plot on 10-06-2018
Sold Plot on 02/05/2023
Purchased Residential Building on 31-01-2024
Thanks in advance.
mayuri (Tax Consultant) (247 Points)
03 July 2024Hello everyone,
Client Sold Open Plot and Purchased Residential building . Is it exempt from Capital gains.?
Purchased plot on 10-06-2018
Sold Plot on 02/05/2023
Purchased Residential Building on 31-01-2024
Thanks in advance.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(164710 Points)
Replied 03 July 2024
Yes, subject to fulfilment of conditions as per sec. 54F IT act.
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