Acquisition of new flat in an apartment under-construction is a case of construction and not purchase. Its construction could start before date of sale of earlier property, but it should be completed within three years from that date to be eligible for deduction under section 54
Refer:[2017] 88 taxmann.com 275 (Mumbai - Trib.)
Refer:[2017] 88 taxmann.com 275 (Mumbai - Trib.)
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