Section 54f
This query is : Resolved
Anand Modi
(Querist)
26 March 2012
Whether capital gain exemption can be claimed u/s 54F for renovation expense and whether these renovation expense if paid in cash then whether they are allowed?
Prakash Kochar
(Expert)
28 March 2012
Exemption is available if the amount is invested for construction or purchase of new assets only. Investment for renovation or alteration may not qualify for exemption.
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