Section 54 applicability
This query is : Resolved
03 June 2016
dear sir,
there is a situation where one of my friends have sold his house and invested the money within one year in purchase of new house. But he has purchased 2 floors of the same house no., so can he claim deduction for the total amount in purchase of both floors or deduction will be applicable for only one floor purchase price?
Guest
Guest
(Expert)
04 June 2016
Both floors constitute a single house & hence deduction available for both floors.
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