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Validity of Letter of Allotment by ITO

Income Tax - Started By: - Vishal v Kanakia - Dated:- 22-2-2016 Last Replied Date:- 24-2-2016 - Dear Sir, I have purchased a Under-Construction Residential Flat in July 2011 by paying 75% Agreement Value. Builder issued me Letter of Allotment on the .....

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om the builder. Now in December 2015, I sold my Under-Construction Flat to Mr X. Further, I have invested the entire proceeds of the above Sale of Flat in a another ready to occupy Flat. Now I have 3 options for the above transaction : 1) I pay Short .....

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