Section 54: New House Construction Timing and Use of Sale Proceeds Not Mandatory for Tax Exemption.

Section 54: New House Construction Timing and Use of Sale Proceeds Not Mandatory for Tax Exemption. https://www.taxtmi.com/highlights?id=44280 LTCG - Section 54 does not lay down that the construction of the new house must taken after the sale of the old residential house or that the sale proceeds of the old residential house must be used for the construction of the new residential house. en-us Sat, 02 Feb 2019 14:11:47 +0530 Sat, 02 Feb 2019 14:11:47 +0530 TaxTMI RSS Generator Section 54: New House Construction Timing and Use of Sale Proceeds Not Mandatory for Tax Exemption. https://www.taxtmi.com/highlights?id=44280 LTCG - Section 54 does not lay down that the construction of the new house must taken after the sale of the old residential house or that the sale proceeds of the old residential house must be used for the construction of the new residential house. Highlights Income Tax Sat, 02 Feb 2019 14:11:47 +0530 https://www.taxtmi.com/highlights?id=44280