Question ID : 2247

Purchasing a flat from a builder will amount to construction

Mr. A has generated a capital ga say of Rs.200000,- and deposited this long term ga capital ga account scheme. As per the Act he has to either a house two years or construct the house three years. If he s the house from a builder will it amount to construction of a house to avail the benefit of Sec54 '

Post Your Answer

Please login to post your answer.