Exemption u/s 54F - LTCG - Even before the sale of the ...

Taxpayer Qualifies for Section 54F Exemption as New Home Investment Exceeds Capital Gains from Land Sale.

December 23, 2015

Case Laws Income Tax HC

Exemption u/s 54F - LTCG - Even before the sale of the property, he had borrowed housing loan and started construction on the site belonging to him. After the sale, the amount spent towards construction of the house is more than the consideration received by the sale of agricultural land and therefore, he is entitled to the benefit of Section 54F - HC

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Exemption u/s 54F - LTCG - Even before the sale of the ...

Taxpayer Qualifies for Section 54F Exemption as New Home Investment Exceeds Capital Gains from Land Sale.

December 23, 2015

Case Laws Income Tax HC

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