A Delhi woman saved ₹93-lakh tax under I-T Act's Section 54F, which exempts residential purchases from LTCG tax, despite not getting her house constructed on time. Tax appellate tribunal ITAT noted that she'd sold unfinished property and reinvested the amount in another property, showing her housing intent. Tax department had refused exemption, claiming it applies only to fully-constructed houses.
short by
Ashley Paul /
06:25 pm on
04 Oct