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capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 July 2010 a residential house porperty sold and a plot of land purchase,
whether any deduction is available u/s 54

what about will happened if assessee will make house on plot within 3 year from date of transfer of old property
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
15 July 2010 If house is constructed within 3 years; exemption is available u/s 54.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
15 July 2010 agree with rakhecha sir, If house is constructed within 3 years or purchase within 2 years then exemption u/s 54 will be available.
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