Exemption U/s 54F

This query is : Resolved 
Profile Image

Profile Image

(Querist)
16 July 2009 Is exemption U/s 54F allowed if additional floor is constructed on old property ?
Profile Image

CA.ViVeK M ACA

Profile Image

CA.ViVeK M ACA (Expert)
16 July 2009 Dear bharat,

pleae be noted that As per the case law of PV Narasimhan(181 ITR 101(SC) "Construction of the first floor in the exsisting buliding should be treated as independent residentail unit entitled for excemption U/s 54 and 54F".
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us

budget 26-27


Answer Query



Quick Links



Browse by Category