section 54F-investment in under construction flat.

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..... section 54F-investment in under construction flat.
Query (Issue) Started By: - alam singh Dated:- 11-3-2011 Last Reply Date:- 12-3-2011 Income Tax
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Income Tax
if net proceeds a .....

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..... re invested in under construction flat within one year of sale-(structure complete and finishing has commenced,) but possession is not delivered within 3 years,then will the benifit under section 54F .....

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..... be withdrawn? Reply By GOPALJI AGRAWAL: The Reply: The construction should be completed within three years from the date of transfer of original asset. Possession or legal deed may pass on after 3 y .....

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..... ears.
Discussion Forum - Knowledge Sharing .....

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