I have sale my house for Rs. 30 lacs and made following investment in May 24
> Invest in Open Plot in joint name of my son. total sales proceeds invested in this plot > Balance amount of open plot -loan taken by my son from finance company.
Can i eligible deduction from capital gain arise from sale of my house rs.30 lacs
13 May 2024
The house property should be constructed within 3 years from the sale of your earlier HP. In this case sec. 54 IT act, 1961 will be applicable.