Sec 54 f
This query is : Resolved
03 May 2012
what is the meaning of new house in sec 54f.
whether construction of new floor in old house and demolish of old house and construction of new building is eligible for these sec
thanks in advance
whether construction of new floor in old house and demolish of old house and construction of new building is eligible for these sec
thanks in advance
mahak katyal
(Expert)
03 May 2012
yes,as per sec 54f,both yur examples are considered as new house! and exemption can be availed
mahak katyal
(Expert)
03 May 2012
yea,,
CIT v Narasimhan(PV)(1990) 181 ITR 101(Mad)
CIT v Narasimhan(PV)(1990) 181 ITR 101(Mad)
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