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Income Tax - Highlights / Catch Notes

Home Highlights December 2015 Year 2015 This

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

Income Tax

December 23, 2015

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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