54 exemption for perpetual lease agreements
Abhishek Arthur (50 Points)
17 April 2024Abhishek Arthur (50 Points)
17 April 2024
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177721 Points)
Replied 04 May 2024
Yes, you can claim the exemption.
SAMIT CHONKAR
(Service)
(45 Points)
Replied 06 May 2024
In such case, What value should be considered for cost of new asset for calculating exemption u/s 54 or 54F?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177721 Points)
Replied 06 May 2024
As the total payment to be made in your case is 40 lakhs, so that can be considered as cost of investment .