Capital gains exemption u/s 54

prathyusha (articles student) (57 Points)

20 August 2015  

  In case the date of transfer is 11/02/2015 and invested in the construction of residential dwelling whose construction is started in the year 2004 and still the process of construction is going on and will be completed by 2016.As per the provision of section 54 the construction is to be completed within 3 years from the date of transfer.

can we get exemption even though the construction is started in the year 2004? 

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