Exemption u/s 54f
This query is : Resolved
13 September 2011
WHETHER PURCHASE OF PLOT FOR CONSTRUCTION IS TREATED AS PURCHASE OF RESIDENTIAL HOUSE. FOR THE PURPOSE OF CLAIMING OF EXEMPTION U/S 54 F.
IF THERE IS ANY CASE LAW OR JUDGEMENT PLEASE REFER TO THIS.
SHASHIKANT
IF THERE IS ANY CASE LAW OR JUDGEMENT PLEASE REFER TO THIS.
SHASHIKANT
13 September 2011
New asset-Residential House (not Plot)
Prescribed period for investment:
1.In case of purchase- before 1 year or 2 years after the date of Transfer.
2.In case of construction:3 years after the date of Transfer
Prescribed period for investment:
1.In case of purchase- before 1 year or 2 years after the date of Transfer.
2.In case of construction:3 years after the date of Transfer
13 September 2011
NO, PURCHASE OF PLOT FOR CONSTRUCTION IS NOT TREATED AS PURCHASE OF RESIDENTIAL HOUSE. FOR THE PURPOSE OF CLAIMING OF EXEMPTION U/S 54 F.
Abhishek Ranjan Singh
ARS Solution
email2ars@gmail.com
+91 9022838615
Abhishek Ranjan Singh
ARS Solution
email2ars@gmail.com
+91 9022838615
15 September 2011
Dear sir,
As per circular no 667 of 1993 is says that purchase of plot is considered as residential house for 54F.
As per circular no 667 of 1993 is says that purchase of plot is considered as residential house for 54F.
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