29 July 2008
dear sir/mam please guide me on the following; i have started construction of a residential house 2 years back. in the current year i sold 1 of my existing house. i completed the construction of my house in the current year. 1)so for sec 54 which says purchase within 1 year befor the date of sale does this construction completed before the date of sale is available for deduction. 2)if construction is completed after the date of sale, can i claim the entire cost of construction or only the amount spent after the date of sale. thanks
CAclubindia
