54f
This query is : Resolved
24 March 2014
dear sir i have sold a non residential property in 15L .now want to purchase a flat of 20L by a bank loan. Can I invest my 15L for addition in Flat to get LTCG tax exemption.
24 March 2014
54F can be claimed on expenses incurred to make the flat habitable.
Citation:- Nirupama K Shah Vs. ITO [2013] 52(II) ITCL 63 (Mumbai - Tri).
Citation:- Nirupama K Shah Vs. ITO [2013] 52(II) ITCL 63 (Mumbai - Tri).
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