Amount withdrawn from cgas to buy vacant site.
Mahesh Reddy K (Bangalore) (65 Points)
09 July 2013Mahesh Reddy K (Bangalore) (65 Points)
09 July 2013
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 09 July 2013
Yes if construction of house would be done on the site purcahsed, then exemption u/s 54F can be claimed for consideration paid towards purcahse of land.
However if only land is pucashed and no construction of building is made then no exemption can be claimed under section 54F
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