capital gain
This query is : Resolved
13 September 2017
Sold an residential house propery and purchased residential plot.
Whether deduction available under section 54 of income tax??
13 September 2017
No deduction for mere plot. You construct a residential unit(However small it may be) and then avail the benefits of section 54
14 September 2017
You can construct within 3 years from the date of transfer i.e within FY 2019-20
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