Capital gain

This query is : Resolved 

29 January 2014 assessee sold a plot & purchase a flat under self finance scheme.for the purpose of capital gain exemption u/s 54f.Whether allotment letter date is the date of purchase or last payment of the installment? from which date property to be treated as constructed property?

29 January 2014 1. date of allotment...

2. didnt understand the second question.

29 January 2014 please do refer to CBDT Circular No. 471, dated 15-10-1986

and Circular No. 672, dated 16-12-1993.

for tax treatment of such properties as self-constructed properties.


29 January 2014 ok thanks alot nikhil

29 January 2014 you are welcome Ankita..



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