Capital gains tax: Telangana HC clarifies when builder delays won't affect your Section 54F tax exemption
· livemint.com
The Telangana High Court has ruled that taxpayers cannot lose Section 54F capital gains exemption solely because a builder delayed completing or registering a home. The judgment says delays beyond the taxpayer's control should not defeat the tax benefit if the investment has already been made.
A delay by a builder in handing over a residential property cannot, by itself, deprive a taxpayer of the capital gains exemption available under Section 54F of ...