Exemption for residential house capital gains: investment in a plot qualifies if construction is completed within stipulated time. Investments in the purchase of a plot for construction of a residential house are eligible for the capital gains exemption under Section 54, provided the ... Summary
Exemption for residential house capital gains: investment in a plot qualifies if construction is completed within stipulated time.
Investments in the purchase of a plot for construction of a residential house are eligible for the capital gains exemption under Section 54, provided the construction of the residential house is completed within the stipulated time limit, as clarified by CBDT Circular 667.
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