Capital gain save u/s 54
Vikram Shah (Accountant) (26 Points)
10 September 2016
Did I Save my Capital Gain Tax on Property by Renovation or additional construction of my old hoouse
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182355 Points)
Replied 10 September 2016
it has been held that a mere extension of the house building would not give the benefit to the assessee u/s 54 or 54F. CIT Vs. Pradeep Kumar (2006) 153 Taxman 138 (Mad)
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