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If the new house is marketed within three many years from your date of acquire or development, then the exemption claimed before less than part 54 shall be indirectly taxable from the year of sale of The brand new household property.
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If the cost of The brand new residential property is reduce than the total sale sum, then the exemption is authorized proportionately. For your remaining amount, it is possible to reinvest The cash less than Portion 54EC within just six months.
Having said that, the exemption is issue into the cash obtain not exceeding Rs 2 crore. Also, the exemption is available just once while in the life span of the vendor.
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All of it Seems an exquisite location to visit. The bats flight stream, Buddha statue, cockroaches crawling in excess of the cave floor and a market as well.