Easy Office
LCI Learning

Capital Gains - whether extension qualifies for 54 f

This query is : Resolved 

02 September 2009 My client has received a long term capital gain on transfer of a plot. He wants to invest his capital gains in extension of his own house by constructing an additional floor. Will extension amount to reinvestment of capital gains in accordance with sec 54f?

02 September 2009 Extention or addition in exhisting house not permitted u/s. 54f.

02 September 2009 Extension to the existing house would not mean constructing a residential house as contemplated under section 54F.

Citation:- V.Pradeep Kumar 153 Taxman 138 (Mad).






You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries