Sec 54

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rohit (Querist)
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11 April 2013 A PERSON HAS SOLD A PART OF PLOT FOR 25 LACS AND USED 18 LACS FOR CONSTRUCTION OF HOUSE ON REMAINING PART OF PLOT. WHAT ARE DEDUCTIONS AVAILIABLE?

CA. PIYUSH GOEL

CA. PIYUSH GOEL (Expert)
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11 April 2013 sec 54F deals with sale of any long term capital asset (other that house property) and investing the whole consideration in a residential house property..

refer that section....

rohit

rohit (Querist)
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11 April 2013 OUT OF 25 LACS 18 LACS ARE INVESTED IN CONSTRUCTION OF HOUSE ON REMAINING PART OF PLOT IN AHEMDABHAD AND 6 LACS IN CONSTRUCTION OF ROOM IN A HOUSE IN WHICH HE IS RESIDING AT JAIPUR,
IS 24 LACS IS AVAILIABLE AS DEDUCTION

CA. PIYUSH GOEL

CA. PIYUSH GOEL (Expert)
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11 April 2013 yes you can take benefit of that investment...

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