Long term Capital Gain on sale of Plot
This query is : Resolved
25 June 2011
Open plot sold in 2011. And a house is under-construction since 2004 and likely to be competed in 2012.
I want to know whether any exemption is available for construction of this house.
I want to know whether any exemption is available for construction of this house.
26 June 2011
Yes as there is time limit for completion of construction and not for starting construction
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