Query related to sec 54 !!!
This query is : Resolved
Abhishek Kumar
(Querist)
25 April 2014
Dear Experts,
I want to clarify that if i sell a residential property and with the capital gain amount i construct a floor in my other residential flat. Can i be eligible to take the benefit of Sec 54 of the cost of construction ??
Pls suggest !!!
Regards.
I want to clarify that if i sell a residential property and with the capital gain amount i construct a floor in my other residential flat. Can i be eligible to take the benefit of Sec 54 of the cost of construction ??
Pls suggest !!!
Regards.
25 April 2014
yes, you are eligible to trigger 54
Abhishek Kumar
(Querist)
25 April 2014
Mayur jee, if i do only renovation of the first floor..shall i be eligible ??
30 April 2014
Yes, even if you construct within prescribed time limit, you can trigger 54
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