TaxTMI 
TaxTMI 
date of acquistion of under contruction property
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....ate of acquistion of under contruction property<br> Query (Issue) Started By: - jatin Gandhi Dated:- 26-11-2014 Last Reply Date:- 15-1-2016 Income Tax<br>Got 1 Reply<br>Income Tax<br>One of my relativ....
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....es 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 don....
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....e 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 an....
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....d 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 ....
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....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 with....
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....in 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 got....
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.... clarified in the above issue? If not please inform.<br> Discussion Forum - Knowledge Sharing ....