Deduction in section 54
This query is : Resolved
06 December 2011
Is cost of parking added to cost of residential house for claiming deduction under section 54?
06 December 2011
Hi,
If its a Closed Car Parking then yes, else { Open Car Park } it may not amount to
"Construction of Building" for the purpose of claiming Section 54 exemption.
Thanks
Regards
CA. Lohith. J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons
If its a Closed Car Parking then yes, else { Open Car Park } it may not amount to
"Construction of Building" for the purpose of claiming Section 54 exemption.
Thanks
Regards
CA. Lohith. J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons
06 December 2011
Thank....!!
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