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Section 54F for purchase of house & its improvment

Tax queries 490 views 1 replies

Hi,

I have invested the 75% of the netconsideration due to sale of a capital asset other than a house, into buying a new house.  The remainign 25% of the net consideration I wish to utilise for repairs, extension and imporovement of the new house.  What amount of net consideration will I be eligible for exemption under section 54F of the income tax act.

Replies (1)

i think... exm should be available for improvement of new house...

still wait for other replies............


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