My client has a plot of land in his name in Kolkata. He plans to construct a house there. His wife had a house in her name in Delhi which she sold. Now, is it possible that if she invests the amount in the construction of the above mentioned house can she claim tax relief under sec 54?
25 April 2011
Thanks for the response, thats what I thought as well. But I wasnt sure where to get a draft of such enabling agreements. It would be great if you have a source and can share it with me.
CAclubindia
