Facts About 54 cash Revealed
Facts About 54 cash Revealed
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Alternately, the new residential residence house have to be built within just three years of the sale from the assets/asset
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The leading intention with the vehicle sections company is usually to supply the items at a cheaper price and sell them to shops on the wholesale value in order that their prospects can make a revenue after they resell the solutions.
Additional, if they wish to promote The brand new home owned by them, the individual will have to hold the assets for no less than three decades as per portion 54.
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If the asset is bought from the PY, and the vendor intends to, but is but to get The brand new residence assets given that the time limit of two years or three decades has not but expired, then the assessee is necessary to deposit the level of gains within the Cash gains account plan (in almost any department of community sector, bank) ahead of the because of day for filing cash flow tax returns.
If the cost of The brand new household home is decreased than the whole sale amount, then the exemption is allowed proportionately. For your remaining total, you'll be able to reinvest The cash underneath Portion 54EC within six months.