Building a new house before selling the old one: Does Section 54 tax exemption apply? Rules explained
· livemint.com
Starting construction before selling your old house does not automatically rule out the Section 54 exemption. Find out when the exemption can apply, the three-year completion rule, CGAS requirements, key risks and documents taxpayers should maintain.
Starting construction of a new house before selling an existing residential property does not automatically rule out a Section 54 exemption.
However, the timin...