sec 54f
snehanjali athmakuri (46 Points)
26 June 2018
whether construction of additional floor on existing residential property can be claimed as deduction under sec 54f
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166636 Points)
Replied 26 June 2018
No. Unless it is an independent unit.
A B Kundu
(Professional)
(1422 Points)
Replied 26 June 2018
Section 54F does not provide for exemption in case of renovation or modification of an existing house and what gains exemption is only construction of a new house. Hence, construction of additional floor will not be eligible to claim exemption U/s 54F.
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