capital gain exemption even if construction done through contractor

Basic requirement for claiming relief under s. 54(1) that the assessee should invest the sale proceeds in the construction of another residential house. Whether assessee himself constructs the house or gets it constructed by a contractor or a third party is immaterial

22 Jul 2021

Basic requirement for claiming relief under s. 54(1) that the assessee should invest the sale proceeds in the construction of…

17 Jul 2021

Where the plain literal expression of the statutory provisions produces manifestly unjust results, which could never have been intended by…