Sec 54
This query is : Resolved
11 April 2013
A PERSON HAS SOLD A PART OF PLOT FOR 25 LACS AND USED 18 LACS FOR CONSTRUCTION OF HOUSE ON REMAINING PART OF PLOT. WHAT ARE DEDUCTIONS AVAILIABLE?
11 April 2013
sec 54F deals with sale of any long term capital asset (other that house property) and investing the whole consideration in a residential house property..
refer that section....
refer that section....
11 April 2013
OUT OF 25 LACS 18 LACS ARE INVESTED IN CONSTRUCTION OF HOUSE ON REMAINING PART OF PLOT IN AHEMDABHAD AND 6 LACS IN CONSTRUCTION OF ROOM IN A HOUSE IN WHICH HE IS RESIDING AT JAIPUR,
IS 24 LACS IS AVAILIABLE AS DEDUCTION
IS 24 LACS IS AVAILIABLE AS DEDUCTION
11 April 2013
yes you can take benefit of that investment...
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