exemption u/s 54f

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10 February 2011 can ai avail exemption u/s 54f on construction/expansion on existing building

10 February 2011 Mere construction by way of extension of the old existing house would not mean constructing a residential house as contemplated under section 54F.
Citation :- CIT V Pradeep Kumar (2006) 153 Taxman 138(mad).

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10 February 2011 Exemption u/s 54F is only for new house.


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