If a Person have two flat and he sold first flat and sale amount invested in second flat for constrution of floor
Whether it is eligiable for exemption u/s 54
12 Replies
CA. Sunit Nandwani
(Executive)
(27 Points)
Replied 12 December 2010
yes i think its eligible under sec 54
M .K. Jha
(CA Final)
(484 Points)
Replied 12 December 2010
Yes it eligible for exemption u/s 54
It cann't be allowed under circutances if such amount invested for renewal of second flat
Deepak Gupta
(Chartered Accountant)
(222 Points)
Replied 12 December 2010
If the construction results in a new dwelling unit, then it will be exempted u/s 54
CA Puneet Dham
(CA)
(694 Points)
Replied 13 December 2010
| Originally posted by : Deepak Gupta | ||
 |
If the construction results in a new dwelling unit, then it will be exempted u/s 54 |
 |
Raghunath Prasad
(WORKING)
(385 Points)
Replied 13 December 2010
If the construction results in a new dwelling unit, then it will be exempted u/s 54
Resham
(Carpe Diem !!!)
(6535 Points)
Replied 13 December 2010
| Originally posted by : Puneet Dham | ||
|
|
Originally posted by : Deepak Gupta If the construction results in a new dwelling unit, then it will be exempt u/s 54 |
|
Agree
Misha
(CCI STUDENT.....)
(773 Points)
Replied 13 December 2010
Yes it is eligible for exemption u/s 54
CS LLB Pulkit Gupta
(https://www.facebook.com/pages/Life-and-Promises/553962034682487)
(16631 Points)
Replied 13 December 2010
| Originally posted by : Deepak Gupta | ||
|
|
If the construction results in a new dwelling unit, then it will be exempted u/s 54 |
|
ayushee dey
(CA Final Student)
(161 Points)
Replied 13 December 2010
yes it is eligible for exemption u/s 54
Md Sarfarazul Hassan
(Article Assistant)
(23 Points)
Replied 15 December 2010
yes eligile for xemption u/s 54
CA Deepesh Ruhela
(Keen to Learn)
(3271 Points)
Replied 16 December 2010
| Originally posted by : Deepak Gupta | ||
|
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If the construction results in a new dwelling unit, then it will be exempted u/s 54 |
|
Rajesh
(student)
(76 Points)
Replied 17 December 2010
if he invested with in one year in case of purchase or with in 2 years in case of construction then he can cliam exemption
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