Deduction under 54
This query is : Resolved
Prachi D. Padki
(Querist)
15 December 2014
can d deduction be claimed u/s 54 as the assessee has sold one house and invested capital gain in purchase of property as well as construction of property. as the wording of law are purchase OR constructed.. whether both are allowed as deduction u/s 54
Amol S Joglekar
(Expert)
15 December 2014
Yes, so far as section 54 is concerned, the courts have taken the VIEW as PLURAL
A 54 benefit may be available for both the situations.
A 54 benefit may be available for both the situations.
Rupesh Jain
(Expert)
15 December 2014
you can get the benefit if it is single property not the more than one property.
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