Square Plot is the best shape of a plot in which all four sides are straight and equal in length and it has an equal angle of 90 degrees at all four corners. Rectangular Plot: having its length not more than double the breadth (length and breadth not more than 1:2) is a very good […]
The basic principles of Vaastu are Vaastu Purush Mandala i.e. a man lying with his head-pointing North-East, in a grid of 64 squares dedicated to different Gods. It is believed that the world comprises of five basic and essential elements known as SPACE, AIR, FIRE, WATER & EARTH.
Vaastu Shastra is the Vedic system of Architecture & Design. Vaastu Vidyaa is one of the sixty-four identified ancient Indian Arts. Vaastu Shastra was given by the sages for betterment and welfare of society. It is believed that affliction of Vaastu creates sorrows and disappointments. Vaastu Shastra i.e. science or “shastra” of structures, tells us […]
Under the provisions of Section 54 of the Act, the assessee should, within a period of one year before or 2 years after the date on which the transfer took place, have purchased or within a period of 3 years, after the date of transfer, constructed a residential house. Under the provisions of Section 54EC […]
4. What is the nature of assets in which the sale proceeds should be re-invested by the assessee to avail the exemption?
Under the provisions of Section 54 of the Act, the capital gains should be re-invested in the construction or purchase of another residential property. Under the provisions of Section 54EC of the Act, the capital gains should be re-invested in ‘long-term specified asset’. For the purpose of this provision, long-term specified asset means any bond […]
3. Is there a minimum holding period for such property before transfer to be eligible for the concessions?
The residential property should be a long-term capital asset i.e. it should be held by the assessee for a period of 36 months, prior to the date of the transfer.