What are the circumstances in which exemption under section 54 can be withdrawn?

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s - Ans. The exemption claimed by assessee under s​ection 54 can be withdrawn in the following circumstances: (a) Amount deposited in capital gains scheme account is not utilized in .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the new house is sold before a period of 3 years from the date of its purchase/completion of construction, then at the time of computation of capital gain arising on transfer of the new house, the amo .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X