Dear Experts,
Please Suggest me on this:
My Client has sold a land in 2010 but he got advance for the same in the year of 2009 and he purchached a land and started construction in 2009 it self ...my question is whether can he claim any capital gain exemption for this.if so please give me some case laws for the same.
WHAT IS THE DATE OF TRANSFER IN THIS CASE CAN THE DATE OF RECEIPT OF ADVANCE MONEY BE CONSIDERED AS DATE OF TRANSFER?
Thanks..
Please Suggest me on this:
My Client has sold a land in 2010 but he got advance for the same in the year of 2009 and he purchached a land and started construction in 2009 it self ...my question is whether can he claim any capital gain exemption for this.if so please give me some case laws for the same.
WHAT IS THE DATE OF TRANSFER IN THIS CASE CAN THE DATE OF RECEIPT OF ADVANCE MONEY BE CONSIDERED AS DATE OF TRANSFER?
Thanks..