regarding sale of property

Others 181 views 6 replies

mudit gupta

330 Points Posted on 13 January 2018

dear sir
with respectfully I beg to state that I have 2residential house and I sold on one residential house and in case capital gain arise ₹629735 And I invested it in purchase another residential house .will I can take deduction u/s54 if I have one residential house
plz reply soon
thank you
regards
mudit gupta

Replies (6)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

211715 Points Posted on 13 January 2018

Yes, you can avail exemption u/s. 54 of IT act, no restriction.

mudit gupta

330 Points Posted on 13 January 2018

sir
I want to know that I purchase plot on 2014 and constructed by builder and I paid Installment for construction within time of construction .will I take benefit of this Installment as indexation of construction . yes benefit of indexation on 2004or 2006
plz reply soon
thank you
Regards
Mudit

mudit gupta

330 Points Posted on 13 January 2018

mudit gupta

330 Points Posted on 13 January 2018

sir
I want to know that I purchase plot on 2004 and constructed by builder and I paid Installment for construction within time of construction .will I take benefit of this Installment as indexation of construction . yes benefit of indexation on 2004or 2006
plz reply soon
thank you
Regards
Mudit

mudit gupta

330 Points Posted on 13 January 2018

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

211715 Points Posted on 14 January 2018

Plot purchased in 2004; Construction of house started in 2004......... If house completed in 2006, better to take indexation from 2006, unless you have registry in 2004.