Deduction under sec 54

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

01 June 2018 Sale of flat has taken place in april 2018.

New flat has been purchase in month of march 2018

So in f.y. 18 -19 .. deduction u/$ 54 ( new flat purchased in march 2018) will be available against sale taken palce in april 2018??

Kindly guide.

Expert : Anonymous

Expert : Anonymous (Expert)

02 June 2018 Yes, deduction will be available u/s 54 if flat is purchased 1 year before the date of sale..

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