Please Help: capital gain
Posted Date : 28-Sep-2019 , 10:51:26 am | Posted By CA Rajesh Mandwariya
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.
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.
Category : Income Tax | Answers : 0 | Comments : 2 | Hits : 1766
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CA Rajesh Mandwariya
28-Sep-2019 , 10:59:10 amATIT D. SHAH
12-Oct-2019 , 02:02:22 pmYes if Date of sale is within 1 year from purchase date