LTCG and deduction u/s 54
This query is : Resolved
25 March 2025
Hi sir
I have inherit a land on 01.08.2023 which was purchased in the year 2001 , sold the land on 15.12.2024. should i calculate holding period from 2001 or it is from 2023? and can i get deduction u/s 54 against this land
I have inherit a land on 01.08.2023 which was purchased in the year 2001 , sold the land on 15.12.2024. should i calculate holding period from 2001 or it is from 2023? and can i get deduction u/s 54 against this land
25 March 2025
1. From 2001
2 Yes u/s. 54F IT act.
2 Yes u/s. 54F IT act.
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