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Deduction u/s 54f


11 August 2016 Dear Sir,

I have sold a plot of land and he purchase a residential house and cliamed deduction u/s 54F for purchase of residential house.

Even after taking deduction u/s 54F i am liabe to pay capital gain tax.

I have also paid some construction(renovation) expence in my newly aquired house property (renovation expence is much necessory to stay fit).

so my question is that can i take as dedction of construction (renovation) expence paid by me u/s 54F.?????

if any case law regarding this plese also suggest.

Thankin you.

12 August 2016 if you can prove , such expenses are necessary to make the house habitable (not more comfortable), such expenses can be treated as investment u/s 54F. Please refer the case in the below link. https://indiankanoon.org/doc/105399754/?type=print


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