Exemption u/s 54

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 November 2012 Whether Cost of Construction and Purchase of Plot incurred within one year before of arising of capital gains can be allowed as Exemption u/s 54. Major Cost of Construction and completion of construction is within three years.

Kindly support with case law if any.

29 November 2012 yes, It is allowed.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries