Capital gain
This query is : Resolved
26 September 2016
Father Sells a land for Rs 1 crore in 2014. He passed away few months later. X is the only Son and legal heir .Will be now laible to pay the capital gains.
My doubt is , the son is planning to construct a house property at Rs 1 crore. Can X claim exemption u/s 54
Please help
My doubt is , the son is planning to construct a house property at Rs 1 crore. Can X claim exemption u/s 54
Please help
29 September 2016
Construction must be completed to avail exemption U/S 54
29 September 2016
The construction must be completed within three years
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