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Q. > Please Help: capital gain
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1787 views • Question added Sep 28, 2019 • Income Tax • By CA Rajesh Mandwariya , CA , Mandsaur


Dear sir,
If an assessee has completed construction of his house in June 2018 with an investment of Rs. 25 lacs.
Thereafter he sold an old plot and long term capital gain on it is Rs. 14 lacs.
Whether he is eligible for deduction u/s 54F or not.

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CA Rajesh Mandwariya

28-Sep-2019 , 10:59:10 am

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ATIT D. SHAH

12-Oct-2019 , 02:02:22 pm

Yes if Date of sale is within 1 year from purchase date

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