Yes. The key condition is utilization of sale proceeds for investment in a new residential house. If you could demonstrate that the delayed possession is beyond your control and you have paid substantial amounts to the builder, you are eligible for ...
Yes. Agreement to purchase coupled with substantial payments is enough for claim of exemption. The date of possession is more important than the date of sale deed or purchase deed. However, if possession is beyond your control, you can claim so ...
In order to be eligible for the benefit under this section the NEW house must be constructed within a period of THREE years AFTER the sale of original asset.
If you have multiple house property then click on Add. If your interest amount is more than Rs 2 lac then you are eligible to claim deduction of Rs 50,000 U/S 80 EE for Self Occupied property.(By fulfilling all the conditions for 80EE) Losses can be ...
No. Since you have demolished the building yourself and what you sold is actually your rights in the land, you may not be eligible for benefits under section 54 of the Act.