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
Vikram Shah (Accountant) (26 Points)
10 September 2016
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(173291 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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