9911796707
TMI Blogdate of acquistion of under contruction propertyX X X X Extracts X X X X X X X X Extracts X X X X ..... date of acquistion of under contruction property X X X X Extracts X X X X X X X X Extracts X X X X ..... ves has sold a land and is planning to purchase a under construction house to claim deduction u/s 54F. The agreement for the new house would be executed immediately and 100 percent payment would be do ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ne upfront. I have following queries related to the same: 1) In case if the person is already holding 2 properties, then is it feasible to sell one of the house and claim deduction under section 54 a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd 54 F simultaneously.(This is to be done as there is condition to claim deduction u/s 54F that the person should hold not more than one property on the date of claiming deduction u/s 54F) 2) If the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... person decides to sell the new house after 3 years, then would the date of acquisition be date of agreement of new house or date of possession. 3) in case if the builder fails to give possession wit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hin 3 years from the date of original transfer of plot, then would the capital gain deduction claimed under section 54 F be added back Reply By MARIAPPAN GOVINDARAJAN: The Reply: Whether you have go ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t clarified in the above issue? If not please inform. X X X X Extracts X X X X X X X X Extracts X X X X
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