Section 54
This query is : Resolved
10 July 2014
#Whether the nexus between capital gain and amount of investment u/s 54 is necessary?
#Whether Residential Property bought out of borrowed fund such as home loan, within stipulated time and get benefit of section 54 and capital gain amount use for others
#Whether Residential Property bought out of borrowed fund such as home loan, within stipulated time and get benefit of section 54 and capital gain amount use for others
10 July 2014
1. yes else no deduction is allowed.
2.then u will be in trouble when assessment or scrutiny comes.
2.then u will be in trouble when assessment or scrutiny comes.
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