exemption u/s 54f
This query is : Resolved
10 February 2011
can ai avail exemption u/s 54f on construction/expansion on existing building
10 February 2011
Mere construction by way of extension of the old existing house would not mean constructing a residential house as contemplated under section 54F.
Citation :- CIT V Pradeep Kumar (2006) 153 Taxman 138(mad).
Citation :- CIT V Pradeep Kumar (2006) 153 Taxman 138(mad).
Guest
Guest
(Expert)
10 February 2011
Exemption u/s 54F is only for new house.
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