Deduction u/s 54 Allowed Despite Construction Delay if Advances Paid for Asset Acquisition Qualify for Capital Gains Use.

Deduction u/s 54 Allowed Despite Construction Delay if Advances Paid for Asset Acquisition Qualify for Capital Gains Use. https://www.taxtmi.com/highlights?id=30813 Deduction u/s. 54 - construction of the house was not completed within the stipulated period - Advances paid for the purpose of purchase and/or acquisition of the aforesaid assets would certainly amount to utilization by the assessee of the capital gains made by him for the purpose of purchasing and/or acquiring the aforesaid assets - AT en-us Wed, 17 Aug 2016 09:08:15 +0530 Wed, 17 Aug 2016 09:08:15 +0530 TaxTMI RSS Generator Deduction u/s 54 Allowed Despite Construction Delay if Advances Paid for Asset Acquisition Qualify for Capital Gains Use. https://www.taxtmi.com/highlights?id=30813 Deduction u/s. 54 - construction of the house was not completed within the stipulated period - Advances paid for the purpose of purchase and/or acquisition of the aforesaid assets would certainly amount to utilization by the assessee of the capital gains made by him for the purpose of purchasing and/or acquiring the aforesaid assets - AT Highlights Income Tax Wed, 17 Aug 2016 09:08:15 +0530 https://www.taxtmi.com/highlights?id=30813