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Question ID : 41142

079710

An Individual Sold his residential house in Feb 21 and he made Construction on old plot in 2018-19 to July 20 . can we claim exemption u/s. 54 for investment in construction as completed before One year of Sale . Pl advise with supporting evidences /case law if any

Posted by SANDEEP KAPOOR on Sep 11, 2021

Filed Under Capital Gains

Answer ID : 81324

No, because construction before date of sale is not permitted u/s.54.

Posted by B.CHACKRAPANI WARRIER on Sep 16, 2021