Please Help: income tax
Posted Date : 22-Jul-2011 , 04:38:51 pm | Posted By: MEENABAHL
Category :
Income Tax | Answers :
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Comments :
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for Exemption u/s 54, amt spent on new house immediately after purchase, i.e. in the same F.Yr.to make it liveable can be added in the cost of new house property ? |
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Answers:
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 Answer by: CA Rajnish |
| Surely u can add the further construction cost into this property for claiming exemption u/s 54 on capital gains from transfer of residential house property.
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| Answer by: CA. Sachin Data |
| Yes it can be....
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| Comments |
| Posted By : MEENABAHL |
23-Jul-2011, 01:45:21 |
| PL REPLY SOON TO MY QUERY. |
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