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Deduction in section 54

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(Querist)
06 December 2011 Is cost of parking added to cost of residential house for claiming deduction under section 54?
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CA. Lohith Jagadeesh

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CA. Lohith Jagadeesh (Expert)
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
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Jyoti jain

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Jyoti jain (Querist)
06 December 2011 Thank....!!
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