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Question ID : 41140

079710

An Individual Sold his Residential house in Feb 21 and made a construction of an old plot since 2018-19 to July 21 i.e construction complete before 1 year of Sale Can we claim Exemption u/s. 54 on capital gain earned on Sale of house . if yes pl. suggest some case law in support (if possible)

Posted by SANDEEP KAPOOR on Sep 10, 2021

Filed Under Capital Gains

Answer ID : 85368

No, within 1 year before sale and 2 years thereafter only

Posted by SURAJ KUMAR CHOUDHARY on Mar 26, 2024