Taxability of Real Estate transactions
Taxability of Real Estate transactions
Taxability of Real Estate transactions
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Pr<strong>of</strong>it on sale <strong>of</strong> capital asset other than<br />
residential house<br />
Section 54F<br />
Basic Conditions<br />
- Individual or HUF<br />
- Transfer <strong>of</strong> long term capital asset<br />
- Other than residential house<br />
Compliance for exemption<br />
- Purchase a residential house<br />
- one year before or<br />
- two year after<br />
the date <strong>of</strong> transfer or<br />
- constructed a residential house<br />
- with in period <strong>of</strong> 3 year<br />
after the date <strong>of</strong> transfer<br />
- Eligibility as well as other conditions to be fulfilled