Question ID :
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
Answer ID :
Sep 11, 2021
No, because construction before date of sale is not permitted u/s.54.
B.CHACKRAPANI WARRIER on
Sep 16, 2021