Long term capital gain-section 54f
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 August 2011
Long term tenancy right was transferred to builder agst an ownership flat (Hence LTCG was exempt Sec 54F). The right in the said said flat while bldg being under construction was surrendered within one year to the same builder in exchange of a new bigger flat in the same bldg (being under const.) with a pmnt for the diff. area. Whether benefi of Sec 54 F is still available to the assessee ?
10 August 2011
yes, additional amount given can be use for Sec 54.
10 August 2011
I agree with the expert
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