16 March 2009
my client has cash withdrawls in his account. he constructed a house for sec. 54f. but he did not take bills of material because of vat. and other local taxes. And some expenses like labour, sand etc. dont backed by bills or invoices. but actually there is a proper constructed house.
Can we take exemption u/s 54f without bills just on the basis of architects report of construction.
CAclubindia
