Time allowed for Construction to claim Cap Gains Exemption

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    RAJAGOPAL New Member

    Is the exemption of capital gains tax applicable for extension on the house by construction of another house until?
  2. Manoj Mehra

    Manoj Mehra Active Member

    Yes, the exemption is allowed if the construction is done within a period of 3 years from the date of sale

    RAJAGOPAL New Member

    Pl clarify. I want to construct a house unit on top my existing home. Can I claim exemption even then. What is the procedure?
  4. Amit Sahni

    Amit Sahni Active Member

    Yes, you can claim deduction even in this case.
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