Regarding 54 f
This query is : Resolved
16 January 2019
assesee can claim for both property purchase and construction allowable in act or not
16 January 2019
kindly be generous and properly draft your query.
16 January 2019
property sales 35,56,000/- date 15.05.2013
cost of acq 2,67,941/-
cost of improvement 3,48,829/-
capital gain 29,39,230/-
residential property purchase 13,57,000/-
cost of construction 13,91,691/-
A. O IS denied for cost of construction
please clarify regarding section 54 F
cost of acq 2,67,941/-
cost of improvement 3,48,829/-
capital gain 29,39,230/-
residential property purchase 13,57,000/-
cost of construction 13,91,691/-
A. O IS denied for cost of construction
please clarify regarding section 54 F
16 January 2019
when you say residential property purchase - what did you exactly purchase - a plot/land or an already habitable house/floor?
16 January 2019
date of property purchase is 31.07.2012
and construction after sale of property
and construction after sale of property
16 January 2019
I didn't ask that. I asked what was the nature of the property that you purchased.
16 January 2019
then how do you intend to claim both? you would be eligible only for one deduction - either for cost of purchase of house property or for construction of a house property
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